S. 5337, titled the "Youth Revenue Transparency Act," aims to amend the Securities Exchange Act of 1934. This bill requires social media companies to disclose financial information about their earnings from users under the age of 21 and how much money they spend on marketing aimed at this age...
Simple Explanation
S. 5337, called the "Youth Revenue Transparency Act," wants social media companies to tell everyone how much money they make from people under 21 and how much they spend on ads for them, so everyone knows how they affect young people.