HR 2889

The Online Consumer Protection Act aims to protect consumers using social media platforms and online marketplaces. It requires these platforms to establish and maintain clear terms of service, including a consumer protection policy that addresses issues like payment methods, content ownership, and cyber harassment. The bill also mandates that platforms develop and implement a consumer protection program, submit annual reports to the FTC, and establish standards for content moderation and transparency. Finally, it prevents pre-dispute arbitration agreements from shielding companies from liability for violations.