Sen. Cory Booker (D-N.J.) said Wednesday the measure promotes Internet of Things innovation to help address economic, societal and consumer challenges.
Booker developed the platform with Deb Fischer (R-Neb.), Kelly Ayotte (R-N.H.) and Brian Schatz (D-Hawaii).
The four senators also proposed the development of a modern technological framework to help the U.S. gain a competitive advantage in the international digital market.
IDC has projected that global revenues from IoT technology will reach nearly $9 trillion by 2020.