next was retirement savings account, rsas. individuals could contribute $5,000 on an after tax basis to an rsa with account earnings growing on a tax free basis. like the lsa no income limits would apply to contributions to an rsa. qualified distributions, i.e., those made after an individual attained age 58 or in the event of death or disability would be tax free. all other distributions would be considered nonqualified distributions and would be included in income to the extent that the distribution exceeds basics. finally employer savings accounts. they would be available to all employees regardless of the type of employee entity and would generally follow existing rules for 401(k) plans including the 401(k) contribution limit, catch up contribution limit for employees aged 50 and above and the availability of roth contributions. the nondiscrimination testing rules would be simplified and eliminated if lower paid employees had high savings rates under the plan. although the simply haification not exist in congress our effor

the bush rsa proposal was as a substitute for social security. and have carried this i.r.a. issue for a long period of time. now, i introduced this bill five years ago. and is at least three of the panelis panelists, i know, have already endorsed it. and i suspect the other two have some sympathy for it. now, this proposal would -- could raise the national savings rate by nearly $8 billion a year. endorsed by brookings and now with hard work from david john and the heritage foundation, we've developed this proposal. i have kidded david many times. it's n it's not every day that a massachusetts democrat's legislation is endorsed by the heritage foundation. we've done just that. let me tell you who else supports this legislation. the aarp. latino's for secure retirement. the black u.s. chamber of commerce, putnam prudential, netixis, and i must say with some grave disappointment, since phil english left, i can't get one republican to sign on to this legislation. mr. herger, i thought, was headed in the

, rsa being one of best, that if they can do it against rsa, that makes most of the other companies vulnerable. >> well, we took some action on the counterfeiting area in our defense authorization bill to try to stop that type of theft, particularly, again, by the chinese when it came to the supply of parts for our weapons systems. we -- i think it would be important for you to talk to vice president biden or his office so that you can see what steps were taken to inform the chinese of our position on this. and we've now got to find ways -- and i think you're the perfect person to be a spokesman for this -- to stop their theft of other kinds of intellectual property through the use of cyber. and i wonder if you could give us some examples of -- give us some options. i think senator mccain also made reference to this. what are the options for us in terms of action for them or anyone else who is stealing our information, our intellectual property to pay a price for this? >> well, i suppose using the rest of stratcom would be out, chairman. i think the first -- the first thing that strikes my min

the most recent one, i think, was the rsa exploits. rsa creates the two factor authentication for things like paypal. so when you get on and order something and pay for it over the network the authentication is done by encryption systems that rsa creates.

and carried the rsa proposal for the clinton administration with bob rubin recalling that the clinton proposal in terms of differentiating itself with the clinton rsa proposal was in addition to social security. the bush rsa proposal was as a substitute for social security and is the auto ira issue for a long period of time. i introduced this bill five years ago. and at least three of the panelists they now have rad endorsed it. and i suspect the other two have some sympathy for it. now this proposal would raise the national savings rate by nearly $8 billion a year. endorsed by brookings and now with hard work from david john and the heritage foundation, we've developed this proposal. i'd hate to david many times. it's not everyday the massachusetts democrat legislation is endorsed by the heritage foundation. we have done just that. until you will support this legislation. the aarp. between us for a secure retirement. the black u.s. chamber of commerce, part number don't show, texas and i must say with some great disappointment with the still languish like they can't get one republica

next was retirement savings accounts, rsa's. individuals can contribute $5000 on an after-tax basis to an rsa with account earnings growing on a -- basis. no income limits would apply to contributions to an rsa. qualified distributions, i.e. those made after an individual paid age 58 or an event of death or disability would be tax-free. all other distributions would be considered non-qualified distributions and would be included in income to the extent that this distribution exceeds age. finally employer retirement savings accounts. urso's would be available to all employees regardless of the type of employee. they generally would follow the existing rules for 401(k) plans including the 401(k) contribution limit, the catch-up limit for employees age 50 and above and the availability of contributions. the nondiscrimination taxing rules will be simplified and would be eliminated with lower paid employees and high savings rates under the plans. although the simplification efforts did not advance in congress, our efforts to review a

the most recent one, i think, was the rsa exploits.rsa creates the two factor awe thept cation for things like paypal. when you order something and pay for it over the network, the authentication is done by encryption systems that rsa creates. the exploiters took many of those certifications and underlying software which makes it almost impossible to ensure that what you're certifying or what swop else is certifies is absolutely correct. they are replacing the certificates and did that in priority order for the defense department and others, but when you think about it the ability to do it against a company like rsa is such a high order capability, rsa is one the best, and if they did it against them, it makes all the other companies as a -- vulnerable. >> we took action to try to stop that theft, particularly, again, by the chinese when it comes to the supply of parts for weapons systems. we, i think it's important for you to talk to vice president biden or his office so you can see what steps were taken to inform the chinese of our p

he carried the rsa proposal. the clinton proposal was an addition to social security. the bush one was a substitute for social security. i introduced this bill five years ago. at least three of the panelists have already endorsed it. i suspect the other to have some sympathy. this proposal that could raise it by nearly a billion dollars a year, endorsed by brookings. now with hard work we have developed this proposal. it is not everyday that a massachusetts democrat legislation is endorsed by the foundation. we have done just that. but we tell you who else supports it, the aarp. the latinos for secure retirement. putnam provincial. i must say i cannot get one republican to sign on to this legislation. he was headed in the right direction. he was headed in the right direction as it began to question it. >> we enjoyed working with you. i also enjoyed working with their staff. savings changes behavior. it takes people and it brings them closer to the community. it makes them more future oriented. a variety of cultural changes that are very important. a second one that is

the very recent publicized attacks against rsa were the key seeds for the technology was stolen. the attacks on google. the attacks published just this week against u.s. defense interests. were initiated from users like you. ok? humans like you to click on a url, an attachment in e-mail, and let the bad guys in. for most of the enterprise world, the public cloud is nothing more than a menace. yet, we see it's clear benefits. we see its enormous cost advantages. we see all these wonderful things that tin told you about. so the challenge is to try and evolve what today is a process built around people. people and process and regulation that tries to keep us safe, tries to run our economy, and translate it into something that is more efficient, that takes advantage in evolution or revolution of technology, arguably, but does not hand out -- does not toss out the baby with the bath water. that is the challenge. whilst in a heavy user of a tablet device and everything else, i think that is kind of ho-hum. it is fabulous you can build a startup in your garage again, but the challenge i

charge of cyber defense told a senate committee recently that china instigated a cyber attack against rsa, an internet security firm. during the hearing several senators asked about a recent conversation overheard between president obama and russian president on missile defense. this the just under three hours. >> good morning, everybody. today's hearing continues postu the armed services committee's conducting on our combatant commands within the context of the fiscal year 2013 budget request and the president's new strategic guidance. today we received testimony from u.s. strategic command and the u.s. cyber command a subunified command of the u.s. strategic command. let me first welcome general robert kaehler, commander of the u.s. strategic command and general keith alexander, the commander of the u.s. cyber command and thank them both for their service to our nation. we also want to thank the fine men and women who serve in these commands for their dedication and service to our nation and a special thanks to their families. strategic command manages nine missions across the departmen

rsa has a government contract to protect government i.t. networks. the breach of their network shows that even in print it -- in cryptic networks are vulnerable to attack. the basic monster right now is if you know you were hacked, that is one aspect rate if you don't know that you were hacked -- one aspect is that if you don't know that you were hacked, you probably were. host: there was a bill that was passed in the house. guest: it is the cyber security act. what they are calling it is the cyber security protection act. it is it cyber intelligent protection and sharing act. that is the short version of it. it is designed to bring together intelligence information and private sector information for the first time in the non-defense and never -- non-defense or arena. people shared direct information with the government and on the other side the government may also share information about vulnerabilities that they detect with those private companies. it is not a blanket sharing of information. they share information in ways that was not done before.

and we believe that getting the suspects most likely to commit the next crime makes rsa for san francisco. >> the chief says about 70 officers joined in the operation. >> the wake of san francisco sheriff ross mcraney is pleading for her life back. grant potus is here with more information on her way to get her life back as she says. >> and she made it from her native venezuela where she spent more couple of weeks. her dad is sick and she's there with her young son. she used to be about star actress in venezuela and the family of three hasn't been allowed to together since this happened in january. he was charged with domestic violence and dissuading and wetness. they are calling out they have suspended the sheriff without pay. lopez writing in part, my husband and i had very emotional misunderstanding about potential custody issues out of time when our relationship was struggling. she goes on to say, i've never been afraid for my safety and the presence of my husband or for the safety of my son. ross has paid an unfair price for his side of our family dispute. it's very contentious. >> i

he carried the rsa proposal. the clinton proposal was an addition to social security.the bush one was a substitute for social security. i introduced this bill five years ago. at least three of the panelists have already endorsed it. i suspect the other to have some sympathy. this proposal that could raise it by nearly a billion dollars a year, endorsed by brookings. now with hard work we have developed this proposal. it is not everyday that a massachusetts democrat legislation is endorsed by the foundation. we have done just that. but we tell you who else supports it, the aarp. the latinos for secure retirement. putnam provincial. i must say i cannot get one republican to sign on to this legislation. he was headed in the right direction. he was headed in the right direction as it began to question it. came very close to going to the alter. why does heritage support this proposal? >> we enjoyed working with you. i also enjoyed working with their staff. savings changes behavior. it takes people and it brings them closer to the community. it makes them more future oriente

there was a huge breach of the rsa security firm.hat was noteworthy because they are responsible and has government contracts to protect government i.t. networks. that showed that even in crowded areas are as vulnerable in certain aspects to computer attacks. that shows that they to -- the basic mantra right now. if you do now know you were hacked, do nothing that you were not because you probably were. that is the world we are dealing with right now. host: talk about the bill on the house floor this week and that was voted on and passed. host: hr3523. -- guest: hr3523. the cyber security protection act. they are trying to protect and -- is designed to bring together intelligence information and private sector information for the first time in a non-defense industry arena. that means there is a potential for big companies to share threat information with the government and specifically, the intelligence agents it 3g be intelligence agencies. the government may also -- the intelligence agencies. the government may also share informati