House Prepares Bill Delaying CAT amid Ongoing Difficulties

Thesys, in a hearing at a Congressional committee, also said it has lined up over 20 candidates for a chief information security officer post.


Congressman Bill Huizinga (R-MI) noted in a hearing held on November 30 by the Capital Markets, Securities, and Investment subcommittee of the House Committee on Financial Services, that holding personally identifiable information on such a database may present an opportunity for market manipulation.

“There are concerns around security of that information and the access it offers,” Huizinga said. “The CAT is a comprehensive database and the information it holds can be reversed engineered and th

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