The House of Representatives has approved the Data Accountability and Trust Act.

Under the bill, which was introduced in April by Rep. Bobby L. Rush, D-Ill., the Federal Trade Commission would set regulations requiring for-profit entities under its jurisdiction to monitor electronic data and notify consumers when a breach occurs.

They would have to offer individuals ways to verify the accuracy of information stored about them, establish ways to correct inaccurate information and set procedures for verifying information.

The House approved the bill last week.