WASHINGTON, D.C.â€“ Congresswoman Loretta Sanchez (CA-47), Vice Chair of the House Homeland Security Committee, Monday issued the following statement applauding House passage of H.R. 4842, the Homeland Security Science and Technology Authorization Act of 2010. The bill contains an amendment by Rep. Sanchez that would help protect Americaâ€™s financial sector from cyber attacks and promote the study of cyberinsurance:
â€œThe Homeland Security Science and Technology Authorization Act of 2010 will take concrete steps to secure our financial networks against potential cyber attacks. Thereâ€™s a real risk that sophisticated hackers could target the electronic data of our financial systems or banks â€“ and thereâ€™s no way of knowing the potential impact.â€
â€œMy amendment would help ensure our financial institutions, and the invaluable electronic data they store, are taken into account as we find new ways to improve our information security. â€œMy amendment would also promote the study of cybersecurity insurance, which is being developed to protect public and private organizations from losses associated with data theft, denial of service attacks, and other electronic security breaches. Because we simply donâ€™t know a lot about this emerging insurance market, itâ€™s important to encourage our agencies to learn more about this type of coverage so we can weigh the pros and cons.â€
Congresswoman Loretta Sanchez represents Californiaâ€™s 47th Congressional District, which includes the cities of Anaheim, Garden Grove, Santa Ana, and parts of Fullerton in Orange County. She serves as Vice Chair of the House Homeland Security Committee and Chair of the House Armed Services Subcommittee on Terrorism, Unconventional Threats, and Capabilities.
Supporters of Assemblyman Van Tran, who is challenging Sanchez in the November general election, periodically claim that Sanchez has been ineffective in Congress for having not introduced any significant legislation in her career. Those making this argument fail to understand the dynamics of a large legislative body. The more common, and more effectiveÂ way, for members to influence legislation is through the amendment process in committee. Sanchez has demonstrated yet again her ability to drive important legislative action benefiting both her district and the country as a whole.