President Obama’s administration is drafting an executive order that would create a program protecting vital computer networks from cyber attacks.
“The premise: the US government needs to defend the feeble and defenseless private sector from all enemies, foreign and domestic, because, it would appear, the private sector is incapable of defending itself. And Uncle Sam is more than happy to supervise and take charge of said ‘defense.’
‘An executive order is one of a number of measures we’re considering as we look to implement the president’s direction to do absolutely everything we can to better protect our nation against today’s cyberthreats,’ White House spokeswoman Caitlin Hayden said in an e-mailed statement today. ‘We are not going to comment on ongoing internal deliberations.’
Also, did we mention that the US president’s decision for the greater private good would be unilaterally imposed, without the benefit of a democratic vote: after all executive orders, of the type Obama has issued 134 so far, do just that: circumvent the popular vote. We did? Good.”
“We Are This Far From A Turnkey Totalitarian State” - Big Brother Goes Live September 2013

The codename of the project: Stellar Wind.
As Wired says, “there is no doubt that it has transformed itself into the largest, most covert, and potentially most intrusive intelligence agency ever created.”