While I love the idea of jail time for anyone that knowingly conceals a data breach, there is no way in hell this is going to pass.
The bill, known as the Data Security and Breach Notification Act, seeks to implement nationwide breach notification standards and replace the confusing patchwork of state laws currently in place. If signed into law, the bill as is would impose new penalties on anyone convicted of “intentionally and willfully” concealing a data breach, including fines and up to five years imprisonment, or both.