I do wish the FB and Google would police themselves ethically to produce factual biased algorithms rather than click-bait algorithms, but this is not the place for government regulation.
The fact that this bill is even being introduced is a sign of the power of tech giants like FB and Google. Our democratic republic will slip into the inevitable transition to a techno-oligarchy if something isn’t done but this bill is about giving biased news outlets a way to rob big tech by using government legislation as the gun all the while trying trying to keep you from realizing that capitalism and free speech will be the collateral damage.