H.R. 10433
Sets rules for online platforms on fraudulent content
Requires large online platforms to let users report scams, verify advertisers, and adopt fraud-resistant privacy defaults, with enforcement by the Federal Trade Commission.
- Applies to platforms with at least 100,000 monthly users or over $25 million in yearly revenue
- Platforms must provide a visible 'Report Scam' button and acknowledge reports within 30 days
- Advertisers must be verified, with extra checks for high-risk areas like financial or health products
- Users can sue for violations, and states and the Federal Trade Commission can enforce the law
In committee