The largest social media companies have been under fire for fueling political polarization and spreading misinformation, and their executives have been called to testify before Congress. At issue is what kind of regulations should be put in place and who will be responsible for policing the content that appears on their pages.
Legislators from both sides of the aisle have proposed legislation that would weaken or revoke Section 230 of the Communications Decency Act of 1996, which provides limited immunity to providers and users of interactive computer services.
Frank Pallone, D-N.J., Chair of the House Energy and Commerce Committee said, “The time for self-regulation is over. It’s time we legislate to hold you accountable,”
President Biden and former President Trump both have called for revoking Section 230. Biden argues that the platforms have failed to responsibly curb misinformation and Trump claimed that the platforms were censoring conservative viewpoints.
Several of the largest social media companies have publicly voiced their opinions about how much regulation is needed and defended their efforts to curb disinformation and hate speech.
Facebook (FB) - Get Free Report CEO Mark Zuckerberg suggested, "Congress could require internet platforms to gain legal protection only by proving that their systems for identifying illegal content are up to snuff."
Jack Dorsey, CEO of Twitter (TWTR) - Get Free Report stated “We built our policies primarily around the promotion and protection of three fundamental human rights — freedom of expression, safety, and privacy...I don’t think we should be the arbiters of truth and I don’t think the government should be either,”.