SAFE Platforms Act

The SAFE Platforms Act requires large online platforms to implement specific measures to prevent consumer fraud, including mandatory reporting buttons for scams, stricter default privacy settings that hide user information from strangers, and robust identity verification for advertisers in high-risk categories like finance or health. The bill grants the Federal Trade Commission enforcement powers to treat violations as unfair or deceptive practices, while also allowing state attorneys general and individual consumers to file lawsuits for damages. To qualify for legal protection under this law, platforms must review reported fraudulent content within 48 hours and take action within seven days, though they are not required to monitor all content before it is posted.