The bill would
• Prohibit firms that own large online platforms from selling products or services from other lines of business that they own on their platforms, among other restrictions
• Require the Federal Trade Commission (FTC) and Department of Justice (DOJ) to designate platforms and supervise and enforce violations
• Impose a private-sector mandate on large online platforms by restricting lines of business operations
Estimated budgetary effects would mainly stem from
• Spending subject to appropriation by the FTC and DOJ to implement the bill’s requirements
• Insignificant increases in revenues from additional civil monetary penalty collections
