Big Tech Faces New Bills on Liability and Competition in US – Bloomberg Law

The biggest U.S. tech companies would face new constraints under two bills announced Thursday after a month of revelations from a Facebook Inc. whistle-blower sparked fresh calls to rein in an industry that has largely escaped regulation so far.

A measure from Energy and Commerce Chair Frank Pallone and other leading House Democrats would revoke legal liability protections for platforms that use algorithms to spread harmful information, arguing that companies should be held responsible for how their technology disseminates content.

“Social media platforms like Facebook continue to actively amplify content that endangers our families, promotes conspiracy theories, and incites extremism …