Homeland Security Chairman to develop cybersecurity bill

House Homeland Security Chairman Michael McCaul (R-TX) said he is crafting his own cybersecurity bill that will clarify the Department of Homeland Security's role in sharing information about cyber threats with companies.

Last week Chairman McCaul helped push for the passage of the Cyber Intelligence Sharing and Protection Act (CISPA), which easily cleared the lower chamber after getting hit with a veto threat from the White House. With that bill passed, the Texas Republican plans to continue work on his own cybersecurity measure. "I also intend to develop a bill out of the committee on Homeland Security that deals with the role of DHS and the sharing of ... cyber threat information with the private sector and critical infrastructures to better protect them, so that we don't see power grids coming down, financial infrastructures coming down," Chairman McCaul said on MSNBC's "The Daily Rundown."