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According to this article, even though it was defeated in the Senate, the White House hasn't ruled out issuing an executive order on the Cybersecurity Act.
"Moving forward, the President is determined to do absolutely everything we can to better protect our nation against today’s cyber threats and we will do that," Carney said. If Obama issues an order on cybersecurity, it wouldn't be the first time that his administration has resorted to executive action to bypass Congress.