It's urgent for the U.S. Senate to pass a cybersecurity bill now stalled because of opposition from several lawmakers, officials from the U.S. White House said Wednesday.

Four White House officials called on the Senate to pass the revised Cybersecurity Act, a bill that would create a new mechanism for businesses to share cyberthreat information with each other and with government agencies.

The bill would also create a new intra-agency council to work with private companies to develop cybersecurity standards that businesses could voluntarily adopt. The bill would offer incentives to companies that volunteer for cybersecurity programs, including protection from lawsuits related to cyberincidents and increased help and information on cybersecurity issues from U.S. agencies.