The Obama administration announced Sunday the formation of a new advisory panel to work on crafting a policy framework regarding the collection and use of personal information on the Internet.

The new Subcommittee on Privacy and Internet Policy will be organized under the president's National Science and Technology Council, and staffed by representatives from more than a dozen departments, agencies and advisory panels across the executive branch.

"In this digital age, a thriving and dynamic economy requires Internet policies that promote innovation domestically and globally while ensuring strong and sensible protections of individuals' private information and the ability of governments to meet their obligations to protect public safety," Kerry and Schroeder wrote in a post to the White House blog announcing the new panel.

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