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From Wired:

The controversial Cyber Intelligence Sharing and Protection Act (CISPA) now appears to be dead in the Senate, despite having passed the House by a wide margin earlier this month. Though tech, finance, and telecom firms with a combined $650 million in lobbying muscle supported the bill, opposition from privacy groups, internet activists, and ultimately the White House (which threatened to veto the law) seem to have proven fatal for now. For all the heated rhetoric surrounding the CISPA legislation — predictions of an impending Digital Pearl Harbor matched by dire warnings of Big Brother surveillance — the controversy was almost entirely unnecessary.