Creates a confidential, nonpunitive voluntary information-sharing system (VIS) for pipeline safety data that the Secretary must establish within one year. The VIS will collect and analyze safety information from covered pipeline facilities, share lessons learned to improve safety, and operate under a 15-member governing board, program manager, third‑party data manager, and issue analysis teams.

The law adds strong confidentiality and legal protections for nonpublic information submitted to the VIS and authorizes limited fee collections of up to $5,000,000 per year for fiscal years 2024–2027 to support operation of the system.