This bill proposes to update current statutes by introducing new provisions that enhance age verification and content safeguards for minors on social media platforms. Specifically, it requires covered companies to implement commercially reasonable age verification methods at account creation and for existing users, obtain parental consent for minors accessing certain applications, and establish default settings that protect minors, such as limiting account visibility and disabling direct messaging from unconnected users. Additionally, it mandates that social media platforms cannot contract with minors under fourteen without parental consent and outlines requirements for account termination and data deletion for minors aged fourteen and fifteen.

The bill also establishes enforcement mechanisms, allowing the Attorney General to impose civil penalties for violations and to manage a newly created Technology Content Protection for Minors Grant Fund, which will support nonprofit organizations focused on online safety and mental health. It defines key terms related to age verification and harmful content, ensures compliance with antitrust laws, and grants immunity from liability to developers and covered companies under certain conditions. Overall, the legislation aims to strengthen protections for minors in the digital space while providing a structured approach to enforcement and compliance.