"Social Media Fairness and Transparency Act"; establishes requirements for social media companies concerning content moderation practices; establishes cause of action against social media companies for violation of content moderation practices.

The Social Media Fairness and Transparency Act requires social media companies operating in New Jersey to be more transparent about their content moderation practices. It establishes specific standards for censoring, selectively suspending users, and implementing anonymous user bans, and mandates notification to users when content is censored. Furthermore, the bill creates a private cause of action for users who believe they have been unfairly targeted by these practices, allowing them to seek damages under the state’s consumer fraud act.