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The U.S. Senate on Thursday voted against moving forward on the Cybersecurity Act of 2012, ending the bill’s chances at final passage. The final blow came despite U.S. President Barack Obama’s statements saying the legislation would help the U.S. fight “the cyber threat to our nation,” which he called “one of the most serious economic and national security challenges we face.”

Senate Republicans succeeded to stop a desperate attempt by Senate Democrats to force a final vote on the measure. 60 votes were required under Senate rules, but the final tally was 52 to 46, largely along party lines.

The Cybersecurity Act of 2012, first introduced in February 2012, set cyber security standards for critical infrastructure, and gave legal immunity to companies who would meet them. Its main goal was to encourage information sharing on cyber threats between businesses and the U.S. government, giving incentives to companies that adopt the protections against hackers and malware.

Read more at ZDNet

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