The announcement is the culmination of a six-year, four-round competition to refine encryption formulas with the goal of including some in a new post-quantum cryptographic standard.

The advice comes ahead of NIST's expected publication of approved algorithms.

Quantum industry executives have responded positively to the elevation of the advisory committee.

Industry experts say the proposed Quantum Cybersecurity Preparedness Act recognizes the risk of the hack now, decrypt later threats.