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Senate committee advances bill to allow private companies to share hacker data with NSA

Opponents say that the bill goes too far and it allows the NSA permission to compile private information on innocent Americans. The House passed its version of the bill earlier this year.

By Chris Strohm, Bloomberg | Updated on July 11, 2014
Senate Intelligence Committee Chair Sen. Dianne Feinstein, D-Calif.,speaks to reporters on Capitol Hill in Washington. The Chairman says the cyber bill is "not perfect for anybody" but supports the compromises between the business sector and individual privacy (AP Photo/J. Scott Applewhite)

(Bloomberg) — The Senate is advancing legislation that would let companies and the U.S. government share information about hacking threats, even as privacy advocates say the plan could enable the National Security Agency to sweep up information about innocent Americans.

Bank of America Corp., Visa Inc. and other companies operating critical U.S. computer systems would be given legal protections for sharing hacking threats with each other and the government under a bill backed July 8 by the Senate’s Intelligence Committee.

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