According to the letter from UCITA's Ring, the following software industry organizations are supporting the draft -- industry antipiracy body the Business Software Alliance (14 members, among those Microsoft Corp, Lotus Development Corp. and Adobe Systems Inc.), the Software Information Industry Association, Silicon Valley Software Industry Coalition and the Computer Software Industry Association.

CNN: Opponents blast proposed U.S. software law

Under the draft legislation, the Treasury would have the authority to decide which banks ring-fencing should apply to, as well as specific activities to be undertaken within ring-fenced banks.

BBC: Business