House Resolution 1 creates a Congressional a mandate for information sharing, the funding to fulfill that mandate, and the training to enable law enforcement, federal, state, and local, to carry out information sharing. It also protects civil liberties.
Here is what I think is going to happen, there is going to be a flurry of meetings within the federal government to discuss the nuts and bolts of this act. These meetings will not just involve the enforcement agencies at the Department of Justice and Treasury, but also enforcement agencies at the other Departments, such as Interior. It will also involve the intelligence agencies, not just NSA, CIA, and DIA, but also the intelligence agencies within the departments, such as Commerce, Federal Reserve, and so forth.
The NIEM group will work to bring in local and state authorities along with the relevant vendors. If you have a software solution that sells to the criminal justice market and/or addresses information sharing, it behooves you to follow these discussions.
It should be noted that while this has passed the House, it has not passed the Senate nor has it been signed by the President. I am assuming that it will be passed into law in a very similar form to it's present one. However, the meetings will not commence until it is signed into law.