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America January 2, 2023 2 mins read

The New Year is Bringing More Regulations To Social Media Companies in The U.S.

America ı By Rochdi Rais

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TikTok-Oracle deal

A few days after Congress passed a bipartisan spending bill that bans TikTok from government devices, legislators and advocates say they are looking to further regulate social media companies in the New Year.

TikTok, a video-sharing app owned by the Chinese company ByteDance, attracts more than 1 billion monthly users. Lawmakers and FBI Director Christopher Wray have warned that TikTok’s ownership structure could make U.S. user data vulnerable since companies based in China are required by law to hand over user information if the government requests it.

Rep. Mike Gallagher, R-Wisc., compared TikTok to “digital fentanyl” on Sunday, telling NBC’s “Meet the Press” that he thinks the ban on the app should be expanded nationally.

“It’s highly addictive and destructive,” he said. “We’re seeing troubling data about the corrosive impact of constant social media use, particularly on young men and women here in America.”

Facebook whistleblower Frances Haugen said Sunday that since social media platforms like TikTok, Twitter, and YouTube rely on similar algorithms, regulators should push for more transparency about how they work as a first step.

Haugen said she thinks most people are unaware of how far behind the U.S. is when it comes to social media regulation.

“This is like we’re back in 1965, we don’t have seatbelt laws yet,” she told NBC’s “Meet the Press.”

Congress failed to pass many of the most aggressive bills targeting tech in 2022. Sen. Amy Klobuchar, D-Minn., said bipartisan support exists for many of these bills, and many have made it onto the Senate floor. But she said the tech lobby is so powerful that bills with “strong, bipartisan support” can fall apart “within 24 hours.”

Klobuchar said on Sunday that things are only going to change with social media companies when Americans decide they have had enough.

“We are lagging behind,” she told NBC’s “Meet the Press.” “It is time for 2023, let it be our resolution, that we finally pass one of these bills.”

 

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Rochdi Rais

Rochdi Rais is the Fractional Head of Growth and financial and legal writer at USA Herald. He has been writing and editing financial, legal and U.S. news for years with over +4000 articles published during his career.

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