TLDR Act

This bill requires major websites and online services (excluding small businesses) to provide a simplified, accessible summary of their terms of service within 360 days. The summary must clearly explain what sensitive data they collect (e.g., health, location, financial info), user rights (like arbitration waivers), data breach history, and estimated reading time, and must be placed prominently on their sites. It also mandates a graphic diagram showing how user data is shared with third parties and an interactive format for full terms. Violations can be enforced by the FTC or state attorneys general acting on behalf of residents.