The bill "helps pave the way for the expeditious passage of cyber information sharing legislation that can help turn the tide against hackers, cybercriminals and malicious state actors, while safeguarding privacy and civil liberties at every step of the way," Representative Adam Schiff, a California Democrat, said in a statement.
The bill came after several months of negotiations that included privacy groups, Schiff said through a spokesman. The committee addressed the main concerns raised by privacy groups, he added. The bill requires companies to remove personal information before sharing information with the government and limits the way government can use the data, he said.
The bill also does not authorize offensive countermeasures against attackers, he noted, even though that would be permitted in other information-sharing proposals.
"Protecting privacy was at the forefront during the process of crafting this bill, and I'm pleased by the progress weve made," Schiff said.
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