1. Short title This Act may be cited as the Protecting Our Ability to Counter Hacking Act of 2017 or PATCH Act of 2017 . 2. Vulnerability Equities Review Board (a) Definitions In this section: (1) Federal agency The term Federal agency has the meaning given such term in section 551 of title 5, United States Code. (2) Publicly known (A) In general Except as provided in subparagraph (B), the term publicly known , with respect to information regarding a vulnerability, means information that— (i) is— (I) a verbal or electronic presentation or discussion in a publicly accessible domain; or (II) in a paper or other published documentation in the public domain; and (ii) that specifically discusses the vulnerability and how the vulnerability could be exploited. (B) Classified material Information about a vulnerability shall not be considered publicly known if the information is currently protected as classified and has been inappropriately released to the public. (3) Vendor The term vendor , with respect to a technology, product, system, service, or application, means the person who— (A) developed the technology, product, system, service, or application