WASHINGTON, Sept. 24 -- Sen. Chris Murphy issued the following press release:
U.S. Senator Chris Murphy (D-Conn.) just introduced a new landmark bill-the In Real Life ("IRL") Act (https://www.murphy.senate.gov/imo/media/doc/the_irl_act.pdf)-as part of his policy agenda aimed at record-high rates of loneliness (https://www.bls.gov/tus/data/datafiles-0325.htm?utm_source=chatgpt.com) and distrust (https://www.pewresearch.org/politics/2023/04/07/views-of-congress-the-supreme-court-and-the-political-system/?utm_source=chatgpt.com) by holding social media companies accountable and investing in third spaces. The legislation would tax digital advertising revenue of only the very largest algorithmic-based social media corporations at 50%, redirecti...