Establishes certain requirements for social media websites concerning content moderation practices; establishes cause of action against social media websites for violation of content moderation practices.

This bill requires large social media platforms (with $100 million+ annual revenue or 100 million+ global monthly users) to publicly share their content moderation rules and apply them consistently. It mandates platforms to notify users before removing content or banning them, including detailed explanations of algorithm use, and allows users to opt out of algorithm-based content sorting. The bill prohibits platforms from using algorithms to suppress content from political candidates during elections or from journalistic enterprises. Violations allow users to sue for up to $100,000 per claim and enable New Jersey's Attorney General to impose daily fines.