But some high-profile Senate Republicans, including Sen. John McCain (R-Ariz.) and industry representatives cite concerns about "unelected bureaucrats" being granted too much power.

McCain also said technology-company lobbyists may have unduly influenced the legislative process.

"My suspicion is this has more to do with garnering political support and legislative bullying than sound policy considerations," McCain said. "However I think the fact that such carve-outs are included lends credence to the notion that we shouldn't be taking the regulatory approach in the first place."

Jenn Scholtes, who covers homeland security for CQ-Roll Call, joined In Depth with Francis Rose to discuss the legislative wrangling over the cyber bill.

This story is part of Federal News Radio's daily Cybersecurity Update. For more cybersecurity news, click here.

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