A draft bill would grant relative immunity to any non-foreign, private entity seeking to share threat-related information with the federal government. The bill would authorize private entities to prevent, investigate, and mitigate cybersecurity threats in addition to authorizing the sharing of cyber threat indicators and countermeasures with the government. Privacy protections built into the bill are vague, but advocates are concerned that information ascertained in the name of defense may end up being used for offensive purposes. The American Civil Liberties Union says the definitions of what can be shared with are too broad.
Source: https://threatpost.com/senate-draft-bill-to-protect-threat-information-sharing/105769/