TLDR Act

The TLDR Act requires major online platforms (excluding small businesses) to provide simplified, accessible summaries of their terms of service. These summaries must appear at the top of terms pages and include key details like categories of user data processed, legal liabilities (e.g., arbitration clauses), historical terms changes, recent data breaches, and estimated reading time. Platforms must also display interactive data flow diagrams showing how user data is shared with third parties and provide full terms in an interactive format. Enforcement will be handled by the Federal Trade Commission under existing FTC Act provisions, with states allowed to pursue cases affecting 1,000+ residents.