Some laws are permanently on the books. Other laws have a sunset date...like the Bush Era Tax cuts. Sunsets have become popular these days as a way of keeping Congress honest so they have to renew the laws if they think they worked out well.
The Safe Web Act was one of those laws. Safe Web was passed in 2006 and granted the FTC the ability to share online fraud related data with foreign law enforcement. In the last several years, the FTC has become the central clearinghouse in the US Federal government for all things identity theft related, so it's good to see this law renewed.
Read more about the bill at the Hillicon Valley blog:
The only catch is that there's another sunset. This time it's 2020.