Reid said he hopes he and Senate Minority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellPelosi: 'Thug' Putin not welcome in Congress GOP to White House: End summit mystery Sunk judicial pick spills over into Supreme Court fight MORE (R-Ky.) can agree to proceed to the bill Thursday; if not, a vote to proceed to the bill will take place Friday morning.

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Reid said he has ideas on how to better the bill, too.

“In my view, it’s not strong enough,” Reid said. “But it’s a tremendous move forward.”

Reid said he wants committees to start working on a list of amendments because the issue is critical to national security.

“Unless we do something, it’s not a question of if, it’s a question of when,” Reid said of the chances of a cyberattack.

Republicans have recently criticized Reid for not being more open during the amendment process.

The Cybersecurity Act aims to protect American from cyberattacks against the Web, electrical grid, banking systems, military operations, transportation networks and others.

S. 3414 was introduced by Sen. Joe Lieberman (I-Conn.) and is co-sponsored by Sens. Susan CollinsSusan Margaret CollinsThe Hill's Morning Report — Russia furor grips Washington Overnight Health Care: Novartis pulls back on drug price hikes | House Dems launch Medicare for All caucus | Trump officials pushing ahead on Medicaid work requirements Senate panel to vote next week on banning 'gag clauses' in pharmacy contracts MORE (R-Maine), Tom CarperThomas (Tom) Richard CarperOvernight Energy: Fewer than half of school districts test for lead | Dems slam proposed changes to Endangered Species Act | FEMA avoids climate change when discussing plan for future storms Dems slam proposed changes to Endangered Species Act Full interview: Democratic candidate Kerri Evelyn Harris discusses her Senate campaign in Delaware MORE (D-Del.), Dianne FeinsteinDianne Emiel FeinsteinSunk judicial pick spills over into Supreme Court fight Senate GOP breaks record on confirming Trump picks for key court Deal to fix family separations hits snag in the Senate MORE (D-Calif.), Jay RockefellerJohn (Jay) Davison RockefellerSenate GOP rejects Trump’s call to go big on gun legislation Overnight Tech: Trump nominates Dem to FCC | Facebook pulls suspected baseball gunman's pages | Uber board member resigns after sexist comment Trump nominates former FCC Dem for another term MORE (D-W.Va.) and Sheldon WhitehouseSheldon WhitehouseSenate panel advances Trump IRS nominee Senate Dems protest vote on controversial court pick Who is Andrew Wheeler, EPA's new acting chief? MORE (D-R.I.).

“We must act and we must act now,” Collins said Wednesday. “We can’t afford to wait for a cyber 9/11 before taking action on this legislation.”

Lawmakers have been meeting this week to find common ground. Sen. John McCainJohn Sidney McCainThe Memo: Summit fallout hits White House Graham: Biggest problem is Trump ‘believes meddling equals collusion’ Obama, Bush veterans dismiss Trump-Putin interpreter subpoena MORE (R-Ariz.) has introduced a competing bill, the Secure It Act.

When originally proposed, S. 3414 received pushback from industry groups and some lawmakers concerned about Internet privacy. But Collins said many changes have been made to the bill.

“We have revised our bill in a very substantial way,” Collins said, citing that many of the standards related to the private sector are now optional. “This shows a willingness to adopt changes and we’re still open to changes.”