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Social Media Companies Must Disclose Revenue from Users Under 21.

This Act mandates publicly traded social media companies to disclose the gross revenues generated from transactions involving individuals under the age of 21. They must also report the total amount spent on marketing specifically targeting this youth demographic. This measure aims to provide investors and the public with transparency regarding the financial scale of youth engagement, driven by concerns over the mental health crisis among young users.
Key points
Social media companies must report gross revenues derived from users younger than 21 years old.
Companies are required to disclose all spending on marketing activities aimed at individuals under 21.
The goal is to increase financial transparency for investors and the public regarding the impact of these platforms on youth.
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Expired
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Additional Information
Print number: 118_S_5337
Sponsor: Sen. Helmy, George S. [D-NJ]
Process start date: 2024-11-18
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Youth Revenue Transparency Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_5337.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-11-18.

What are the main provisions?

Key points include:

  • Social media companies must report gross revenues derived from users younger than 21 years old.
  • Companies are required to disclose all spending on marketing activities aimed at individuals under 21.
  • The goal is to increase financial transparency for investors and the public regarding the impact of these platforms on youth.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Helmy, George S. [D-NJ].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy Media and Culture Health