Definitions

In this Act: (1) Commission The term Commission means the Federal Trade Commission. (2) Covered platform The term covered platform means a website, internet application, or mobile internet application that— (A) allows users to create, share, view, or search for and access user-generated or third-party content, including a social media platform, online search engine, and a service with direct or group messaging capabilities; and (B) has had at least 10,000,000 monthly active users for 3 or more of the past 12 months within the United States. (3) Monetization practices The term monetization practices means any avenues through which a covered platform might garner revenue, including accepting monetary, in-kind, or other compensation— (A) in exchange for displaying or amplifying specific content; or (B) from businesses or other entities to utilize the covered platform as a means to find, charge, or communicate with customers. (4) Platform policies The term platform policies means any terms, conditions, and clauses, regardless of their name or form, which govern the contractual relationship between a covered platform and a user, or any community guidelines that a covered platform maintains that govern conduct on the covered platform.