By AJ Vicens

(Reuters) -The U.S. federal law that facilitates a significant portion of information sharing between the federal government and private sector is likely to expire October 1 in a development that could have major impacts on private industry and government cyber threat coordination.

WHY IT’S IMPORTANT

Despite broad bipartisan support, lawmakers have not agreed on how to either renew or modify the Cybersecurity Information Sharing Act, first passed in 2015, which offers private organizations legal protections to share cyber threat information with each other or the government.

Expiration of the law could lead to a dramatic decrease in information sharing by private entities, according to a client alert written by five attorneys with the WilmerHale law firm posted September 1

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