Homeland Security Secretary Janet Napolitano said that a cyber-security executive order has been drafted, but President Obama has been too busy of late to read it.

“The executive order is in draft and the president has not yet had the opportunity to review it so I need to be very cautious in that regard,” Napolitano said at a cyber-security summit hosted by National Journal this morning. “He’s been occupied,” she explained, alluding apparently to the presidential campaign and the foreign policy issues that have risen in the Middle East.

“We are very cognizant that in some industries their exist already regulatory authorities that can be used for cyber security,” she said. “What we want to do is make sure that the core critical infrastructure of the country protects itself . . . encouraging the kind of investment necessary is very difficult.”

She added that the executive order is “in the format of a new order” when she was asked if it would be “an expansion on existing directives.”