Bill > HR2889

This bill requires social media platforms and online marketplaces to establish clear, publicly accessible terms of service that include comprehensive consumer protection policies. These policies must cover topics like content ownership, user behavior guidelines, content moderation practices, and processes for reporting and appealing content removals or user account actions. The bill mandates that companies create a consumer protection program with specific requirements, including appointing a consumer protection officer, monitoring potential consumer risks, and implementing safeguards. Companies with over $250,000 in annual revenue or more than 10,000 monthly active users must submit annual reports to the Federal Trade Commission (FTC) detailing their consumer protection practices, with senior executives required to certify the accuracy of these reports. The bill provides enforcement mechanisms through the FTC, allows individuals to bring civil actions for damages, and permits state attorneys general to pursue legal actions against violations. Additionally, the bill invalidates pre-dispute arbitration agreements and joint-action waivers related to potential violations, ensuring consumers can seek legal recourse. The legislation aims to increase transparency, accountability, and consumer protection in online platforms by establishing standardized disclosure and consumer protection requirements.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/2889/all-info