The bill, dubbed the Safety Act by sponsor Lamar Smith, a republican congressman from Texas, would impose fines and a prison term of one year on ISPs which failed to keep full records.
"A crime is still a crime, whether it occurs on the street or on the internet," said Congressman Smith.
"In this age of increasing digital and technological sophistication, cyber-crimes and cyber-terrorism pose a serious threat to the US. Law enforcement and the private sector must be prepared to deal with these crimes."
The bill includes a separate clause that would force the owners of sexually explicit websites to include warning labels on their web pages, or face jail.
Also included is a 20-year "jail tariff" for anyone ordering child pornography that crosses state borders, with a $150,000 fine for the ISP that allowed the transaction to take place.
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