US House passes cyber bill despite veto threat

WASHINGTON - The US House of Representatives passed a cyber security bill on Thursday that would allow the government and companies to share information about hacking, but which has raised privacy concerns and a veto threat from the White House.
The House approved the bill 248-168, prompting the top Republican and Democrat on the intelligence committee who sponsored it to issue a joint statement lauding the bipartisan approval.
"Economic cyber spies will have a harder time stealing American business plans and research and development as the House took the first step today by passing a cyber security bill that will help US companies better protect themselves from dangerous economic predators," the statement said.
The legislation allows federal agencies such as the National Security Agency, an intelligence agency that eavesdrops overseas and protects classified US government computer networks, to share secret cyber threat information with American companies to help the private sector protect its networks.
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