No it isn't. This "objective, verifiable information" is an open door to using misinformation to frame innocent people of crimes they have not committed.
This type of information is already being used to prevent crimes. People get arrested for planning robberies or murders all the time. Those investigations start based on beliefs that are based on 'objective, verifiable information'. After that intent has to be proven in court with evidence that has been found during an investigation.
In many cases it also leads to a case being dismissed because no evidence is found.
I'm honestly pretty surprised that people think this is a new concept.
There is no mention of probable cause and oversight by a judge. The way this is phrased doesn't even meet the standards for normal police investigations. It's basically a carte blanche for surveillance and secret suspect lists on which nearly anyone can be put.
> In many cases it also leads to a case being dismissed because no evidence is found.
Good luck piecing back together your life at that point, after years of being unemployable and unable to find rental accomodation (and the house that you bought with your life savings is gone, the bank sold it while you were fighting for your freedom).