On July 20, 2011, the U.S. House of Representatives Energy and Commerce Committee's Trade Subcommittee approved the Secure and Fortify Electronic Data Act (the "SAFE Data Act"). The Act would require any business that maintains personal information to implement an information security program and notify affected individuals in the event of an information security breach. The SAFE Data Act would preempt the over 45 existing state information security and breach notification laws and task the Federal Trade Commission with developing information security rules implementing the Act.