Tech industry presses Congress on R&D tax credit; cybersecurity bill looks unlikely

The odds of a comprehensive cybersecurity bill passing have diminished greatly with the Republicans taking control of the House. While House GOP leaders have been mum on the subject, Senate Republicans including John McCain (Ariz.) have objected to what they view as attempts to regulate cybersecurity for private-sector firms.

Finally, Bond called for the delay of a pending 3 percent withholding requirement for government contractors set to take effect in 2012. Bond argued contractors and federal agencies are already facing significant financial burdens and advocated a two-year delay while the effects of the withholding are studied.

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