By Pam Benson, CNN Senior National Security Producer
The House Intelligence Committee made some revisions in its cyber security bill Thursday to address privacy concerns raised by the White House.
The legislation is designed to improve information sharing between the federal government and private industry in an effort to better protect American businesses computer systems from cyber attacks.
It enables the government to provide classified information to the private sector and removes some of the legal barriers that discouraged private companies from sharing threat information with other companies and the government.
The White House had raised concerns about whether the original proposal announced Wednesday would sufficiently protect personal information and privacy.
National Security Council spokeswoman Caitlin Hayden said in a statement Wednesday night that "the Administration will not support anything that does not include a customized set of requirements for privacy protection."
The Intelligence Committee amended the bill Thursday to include a provision that lists restrictions on the government's use of cyber threat information it receives from private industry. The information can only be used by the feds to protect national security and/or for a cybersecurity purpose.
The private sector is neither required to share cyber threat information with the government nor must it do so to receive cyber intelligence from the government.
A second amendment calls on the Inspector General of the intelligence community to provide an annual report to Congress assessing the type of cyber threat information the government received from industry, how it was used and what actions were taken by the government in response to the threat.
"We have added a narrow threshold for what kind of information can be shared between the government and private sector, as well as a critical Inspector General report requirement," Committee Ranking Member Dutch Ruppersberger said in a statement.
Committee Chairman Mike Rogers said businesses are suffering losses due to cyber intrusions.
"This bill addresses the urgent need to help our private sector better defend itself from these insidious attacks," he said.
Hayden said the White House is reviewing the changes in the bill to see if they adequately address the concerns raised by the administration.