Banking, oil and IT industry reps call on Congress to harmonize cyber regulations … again

The report summarizes testimony from industry representatives (banking, oil and natural gas, and IT) to a House Oversight Subcommittee arguing that overlapping and contradictory federal cybersecurity regulations—highlighted by debates over CISA’s incident reporting mandate—are overburdening critical infrastructure sectors; witnesses urged harmonization, a centralized coordinating authority, and legislative action (the Streamlining Federal Cybersecurity Regulations Act) to reduce duplicative obligations.