The House has approved the Cyber Intelligence Sharing and Protection Act (CISPA, H.R. 624). CISPA allows private companies and the federal government to exchange information relating to cybersecurity threats.
The bill was passed in the face of some concerns that it might provide private consumer information to the government. According to Reuters, President Obama has threatened to veto the bill on the basis that it supposedly does not mandate that companies take the greatest efforts to remove personal information before providing it to the government.