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The Senate Intelligence Committee is expected to introduce legislation next week that would help the public and private sectors share information about cyber threats, sources tell The Hill.

A draft of the bill is now being circulated, according to multiple people, in anticipation of a markup being held in the coming weeks.

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Although the details of the bill are still being finalized, it will likely resemble the controversial Cybersecurity Information Sharing Act (CISA), which came close to passing the last Congress. Several industry groups and lobbyists said the new bill includes updated language to ameliorate some of the privacy concerns that derailed the measure last year.

Sens. Richard Burr Richard Mauze BurrRep. Mark Walker says he's been contacted about Liberty University vacancy Overnight Defense: Trump rejects major cut to military health care | Senate report says Trump campaign's Russia contacts posed 'grave' threat Senate report describes closer ties between 2016 Trump campaign, Russia MORE (R-N.C.) and Dianne Feinstein Dianne Emiel FeinsteinMcConnell says Trump nominee to replace Ginsburg will get Senate vote Top Democrats call for DOJ watchdog to probe Barr over possible 2020 election influence Intensifying natural disasters do little to move needle on climate efforts MORE (D-Calif.) — the Intelligence Committee’s top two members — are likely behind the new bill, sources say.

CISA was intended to facilitate a cyber threat data exchange between private companies and intelligence agencies by giving legal liability protections to the companies that share information.

Both industry groups and government officials argue such an exchange is necessary to prop up the country's faltering cyber defenses.

"There’s only one way to defend America from these cyber threats, and that is through government and industry working together, sharing appropriate information as true partners," President Obama said at a White House cybersecurity summit last Friday.

A rash of high-profile breaches across the public and private sectors have raised pressure on lawmakers to pass legislation enabling data sharing.

But privacy advocates worry the National Security Agency (NSA) might abuse sensitive data obtained under such an arrangement. They have insisted on reining in NSA authority before moving on a CISA-type bill.

When the Senate was unable to move forward with an NSA reform bill in November, CISA was largely considered dead.

The cyber bill’s 2015 iteration is sure to generate a new round of controversy, despite its enhanced privacy provisions.

Lawmakers face a looming June 1 deadline to reauthorize sections of the Patriot Act that authorize the NSA’s most controversial surveillance programs. Several senators are expected to use the deadline as leverage to try and curb the NSA's authority.

The outcome of that debate could make or break the Intelligence committee's cyber bill.

The measure will face other hurdles as well.

The White House has been making a big push to put the Department of Homeland Security (DHS), not the intelligence community, at the center of the public-privacy cyber data exchange program. The move is a nod to privacy advocates, who would prefer a civilian agency like the DHS at the head of the government's information-sharing efforts.

The administration released its own legislative proposal in January, and Obama last week signed an executive order to make the offering more attractive to lawmakers.

Sen. Tom Carper Thomas (Tom) Richard CarperDemocrat asks for probe of EPA's use of politically appointed lawyers Overnight Energy: Study links coronavirus mortality to air pollution exposure | Low-income, minority households pay more for utilities: report OVERNIGHT ENERGY: Democrats push resolution to battle climate change, sluggish economy and racial injustice | Senators reach compromise on greenhouse gas amendment stalling energy bill | Trump courts Florida voters with offshore drilling moratorium MORE (D-Del.), ranking member on the Senate Homeland Security and Governmental Affairs Committee, has already introduced a bill that closely mirrors the White House proposal.

The committee’s chairman, Sen. Ron Johnson Ronald (Ron) Harold JohnsonThe Hill's Morning Report - Sponsored by The Air Line Pilots Association - White House moves closer to Pelosi on virus relief bill Second GOP senator to quarantine after exposure to coronavirus GOP-led panel to hear from former official who said Burisma was not a factor in US policy MORE (R-Wis.), has said he wants to wait and see the Intelligence committee’s bill before moving forward with anything in his committee.

The dual path approach has left many wondering whether a final info-sharing bill will be some combination of the two measures or if one will win out over the other.

The Intelligence Committee bill and markup could help provide some answers.