“New Bill Brings Transparency to Tech Giants”
In an effort to increase transparency and protect user data, a new bill has been introduced that will require social media platforms such as Twitter, TikTok, and other popular sites to share their internal data. This proposed legislation will bring more attention to the safety of user information on these sites and how it is stored. It is hoped that this will help to ensure that users are able to trust their online experiences and be sure that their personal data is secure.
The internet is a powerful tool for millions of people around the world, but it’s not without its flaws. Social media companies like Twitter and TikTok have often been accused of being opaque when it comes to how they handle data. That’s all about to change – new legislation which will come into force soon is aiming to force these platforms to increase transparency by sharing internal data with users.
The bill, which has been passed unanimously, aims to give users a better idea of exactly what goes on behind the scenes at social media companies. It requires that platforms such as Twitter and TikTok release information on algorithms used to rank content, moderation policies and decisions made using artificial intelligence (AI). This level of transparency should help users understand how their data is handled and allow them more control over their online presence.
Social Media companies will be required to obtain and maintain reliable privacy-protecting information if they become approved by the National Science Foundation, an independent organization. The bill protects researchers from legal liability associated with automatic data collection if they adhere to certain privacy safeguards.
The platforms’ comprehensive ad libraries, statistical information on content moderation, viral content data, and platform rankings and recommendation algorithms would be made available on an ongoing, fixed cycle basis to researchers and members of the public.
The Fair Communications Act allows the Federal Trade Commission (FTC) to impose the new policy and penalize companies that violate the regulation. Under Section 230 of the Act, companies that fail to follow the policy may be at risk of losing their civil liberties against libel for new content that is posted by their members.
Coons stated that the federal bill will address a topic that is “dangerously opaque” by preventing criminals from unlawfully viewing or disseminating illegal content.
New legislation was recently proposed to ban TikTok. Several years ago, conspiracy theorists accused ByteDance, the China-based company that owns TikTok, of being influenced by the Chinese government.