Digital Platform Commission Act of 2023

The Digital Platform Commission Act of 2023 would establish a new Federal Digital Platform Commission to regulate major digital platforms that have significant economic, social, or political impact. The Commission would require "systemically important digital platforms" to meet specific standards for data portability, interoperability, transparency, and algorithmic fairness, while conducting regular risk assessments for harmful content. Platforms designated as systemically important would also need to comply with an age-appropriate design code to protect minors. The Commission would have enforcement authority to issue orders, impose civil penalties (up to 15% of global revenue), and oversee compliance through annual reporting requirements. This bill would directly affect major digital platforms like social media networks, search engines, and marketplaces that meet the Commission's definition of "systemically important."