In light of all the attacks on corporate sites in recent months, Rep. Mary Bono Mack (R - Calif.) is circulating a draft of bill that would require companies to divulge data breaches within 48 hours. Bono Mack chairs the House Energy and Commerce Committee's Commerce, Manufacturing, and Trade Subcommittee, which will hold a hearing on Wednesday to discuss the bill. A spokesperson for Bono Mack says there are still a few wrinkles to be ironed out. I would imagine one of them would be defining when a company would be considered to have known about a breach. A lot of hacks are very well concealed and are discovered during a long investigating process.

Couple of curious things here. First, this seems to cover the private sector but not the public sector. Second, it's a Republican congresswoman introducing a bill that would put further regulations on businesses.

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