Official statement: White House opposes CISPA - News and Current Events | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events

Official statement: White House opposes CISPA
Started:April 25th, 2012 (05:35 PM) by kbit Views / Replies:211 / 1
Last Reply:April 25th, 2012 (05:39 PM) Attachments:0

Welcome to

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Official statement: White House opposes CISPA

Old April 25th, 2012, 05:35 PM   #1 (permalink)
Elite Member
Aurora, Il USA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
kbit's Avatar
Posts: 5,839 since Nov 2010
Thanks: 3,275 given, 3,321 received

Official statement: White House opposes CISPA

Congress is slated to vote this week on America's most controversial bill in waiting — the Cyber Intelligence Sharing and Protection Act. But now the president’s advisers say they will recommend Obama vetoes CISPA if it makes it to the White House.

Following comments this week from within the Obama administration that suggested that the White House was opposed to H.R. 3523, or CISPA, the executive office of the president has officially released a statement of administrative policy on the polarizing proposal that, if approved, would allow the federal government to snoop into the Internet correspondence of every American through the guise of being a necessary implement in ensuring cybersecurity.

In a statement issued on Wednesday, the White House officially condemns CISPA over some of the same issues that have caused other opponents to rally against the legislation across the nation. Specifically, the Obama administration denounces the proposed law for potentially giving the government cyber-sleuthing powers that would allow both federal authorities and private businesses to sneak into inboxes and online activities in the name of combating Internet terrorism tactics.

“The sharing of information must be conducted in a manner that preserves Americans' privacy, data confidentiality and civil liberties and recognizes the civilian nature of cyberspace,” the memo begins.

“Cybersecurity and privacy are not mutually exclusive. Moreover, information sharing, while an essential component of comprehensive legislation, is not alone enough to protect the nation's core critical infrastructure from cyber threats. Accordingly, the administration strongly opposes H.R. 3523, the Cyber Intelligence Sharing and Protection Act, in its current form.”

“H.R. 3523 fails to provide authorities to ensure that the nation's core critical infrastructure is protected while repealing important provisions of electronic surveillance law without instituting corresponding privacy, confidentiality and civil liberties safeguards,” adds the policy statement,

Additionally, adds the White House, CISPA would inappropriately shield companies from any suits where a company's actions are based on cyber threat information identified, obtained or shared under this bill, regardless of whether that action otherwise violated federal criminal law or results in damage or loss of life.

This broad liability protection not only removes a strong incentive to improving cybersecurity, it also potentially undermines our nation's economic, national security, and public safety interests.”

Wednesday’s press release comes only two full days after presidential hopeful and congressman, Ron Paul (R-TX), came after CISPA citing similar faults.

In an address made Monday morning, the potential GOP nominee says that “CISPA represents an alarming form of corporatism as it further intertwines governments with companies like Google and Facebook,” and permits the private sector to steal personal communications and hand them to federal authorities “without a warrant, circumventing the well-known established federal laws like the Wiretap Act and the Electronic Communications Privacy Act.”

“It also grants them broad immunity from lawsuits for doing so, leaving you for without recourse for invasion of privacy,” Congressman Paul adds.

On his part, President Obama says now through the White House that “Without clear legal protections and independent oversight, information sharing legislation will undermine the public's trust in the government as well as in the Internet by undermining fundamental privacy, confidentiality, civil liberties and consumer protections.
In an effort to propose a remedy, the Obama administration says that the “the Administration believes that a civilian agency – the Department of Homeland Security – must have a central role in domestic cybersecurity, including for conducting and overseeing the exchange of cybersecurity information with the private sector and with sector-specific Federal agencies.”

Those sentiments mirror what Richard A. Clarke, the former special adviser for cybersecurity under US President George W. Bush, told America earlier this month.

In an op-ed published in The New York Times three weeks ago, Clarke proposes that “Under Customs authority, the Department of Homeland Security could inspect what enters and exits the United States in cyberspace.”
“Customs already looks online for child pornography crossing our virtual borders. And under the Intelligence Act, the president could issue a finding that would authorize agencies to scan Internet traffic outside the United States and seize sensitive files stolen from within our borders.”

The Obama administration has not implemented plans to put the authority of monitoring the Internet into the DHS, but suggest on Wednesday that it might be the best idea in the meantime for creating a plan that would alleviate cyberterrorism threats while avoiding the privacy concerns brought up by opponents of CISPA.

Legislation should address core critical infrastructure vulnerabilities without sacrificing the fundamental values of privacy and civil liberties for our citizens, especially at a time our Nation is facing challenges to our economic well-being and national security,” writes the White House.

“The Administration looks forward to continuing to engage with the Congress in a bipartisan, bicameral fashion to enact cybersecurity legislation to address these critical issues. However, for the reasons stated herein, if H.R. 3523 were presented to the President, his senior advisors would recommend that he veto the bill.

Earlier this week, the UK’s Guardian cited Alex Ross, a senior adviser for innovation to US Secretary of State Hillary Clinton, as saying that “the Obama administration opposes CISPA.”

"The president has called for comprehensive cybersecurity legislation. There is absolutely a need for comprehensive cybersecurity legislation,” said Ross.

Last year the White House announced that they would recommend that President Obama veto the National Defense Authorization Act of Fiscal Year 2012 (NDAA). He authorized it on December 31, signing into law the power for the US military to indefinitely detain American citizens.

Official statement: White House opposes CISPA — RT

Reply With Quote

Old April 25th, 2012, 05:39 PM   #2 (permalink)
Elite Member
Aurora, Il USA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
kbit's Avatar
Posts: 5,839 since Nov 2010
Thanks: 3,275 given, 3,321 received

Obama may 'oppose' CISPA but still sign it like NDAA

The White House has officially announced that the Obama administration is opposed to the controversial Cyber Intelligence Sharing and Protection Act, or CISPA, expected to go before Congress this week. But does it really matter?

The Obama administration has formally condemned the latest Internet legislation up for vote, but this week a top White House official confirmed that the commander-in-chief’s closest officers are opposed to the bill. If Americans learned anything from the president’s under-the-table signing of the National Defense Authorization act last year though, it’s that decrees from underneath President Barack Obama can be reversed as quickly as announced.

The United States Congress could vote on CISPA as early as this week, which is the next step towards sending the bill to the White House for the president to sign into law. Alec Ross, a senior adviser for innovation to Secretary of State Hillary Clinton, reiterates to the Guardian this week that top officials underneath President Obama are pushing to keep the legislation from being signed.

"The Obama administration opposes CISPA," explains Ross. "The president has called for comprehensive cybersecurity legislation. There is absolutely a need for comprehensive cybersecurity legislation.”

What CISPA’s supporters are asking for in Congress does much more than just implement measures to make America’s online infrastructure safe for terrorism threats, though. If approved, CISPA will let both private companies and the federal government alike infiltrate personal conversation carried out over the Internet and eavesdrop on Americans from coast-to-coast under the guise of cybersecurity.

Ross adds to the Guardian that the White House is telling Congress, “we want legislation to come with necessary protections for individuals,” which, as other anti-CISPA critics will vouch for, won’t be a reality if lawmakers approve the bill this week.

Despite insistence from the Obama administration though, will the president follow through with plans to push CISPA off Capitol Hill?

Last year, the White House went public with plans to veto the National Defense Authorization Act for Fiscal Year 2012 as opponents of the bill and its indefinite detention of American citizen provisions caused a massive backlash among critics.

In its earlier form, the White House wrote to Congress that parts of the NDAA would bring a “dangerous and unprecedented challenge to critical Executive branch authority to determine when and where to prosecute detainees,” would constrain counterterrorism efforts and undermine national security.

On November 17, 2011, the White House formally announced of the NDAA, “Any bill that challenges or constrains the President’s critical authorities to collect intelligence, incapacitate dangerous terrorists, and protect the Nation would prompt the President’s senior advisers to recommend a veto.”

In regards to the military custody provisions inside the NDAA, the White House added that they spawned "serious and unsettled legal questions and would be inconsistent with the fundamental American principle that our military does not patrol our streets.”

The bill was approved by the president only six weeks later on New Year’s Eve.

With CISPA quickly snowballing from fringe legislation to a mainstream news story and garner opponents just as quickly as NDAA, it should not come as a surprise that the president is supposedly putting his foot down over CISPA. Given how quickly the stance was changed over the NDAA last year, however, it very well could be a prime example of the president pandering to audiences yet again, especially given the proximity to Election Day.

Piracy vs Privacy: Obama may 'oppose' CISPA but still sign it like NDAA — RT

Reply With Quote

Reply > Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events > Official statement: White House opposes CISPA

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
CME Group Statement Regarding White House Proposal to Increase Oversight of Energy Ma kbit News and Current Events 0 April 17th, 2012 06:12 PM
Boehner Caves On Payroll Tax: Official Statement Quick Summary News and Current Events 0 December 22nd, 2011 05:50 PM
House subpoenas White House for Solyndra documents kbit News and Current Events 0 November 3rd, 2011 11:33 AM
White House Tax Plan Would Ask More of US Millionaires Quick Summary News and Current Events 0 September 18th, 2011 08:00 AM
Austan Goolsbee to leave White House kbit News and Current Events 0 June 6th, 2011 09:43 PM

All times are GMT -4. The time now is 09:25 AM.

Copyright © 2016 by All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-26 in 0.11 seconds with 19 queries on phoenix via your IP