British Lawmakers considering new regulator with strong sanctions for social media to...

British Lawmakers considering new regulator with strong sanctions for social media to take care of users’ health

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Lawmakers in Britain are calling for new rules to make the social media firms to perform their duty of interests of their users, as a report published on Thursday by Science and Technology Committee of the Parliament emphasized on statutory requirements to bound the social media companies to adopt measure for protection of health and security of their users and pointed out lack of regulations to deal online bullying and disturbing contents.

The report also recommended requirement of new legislation around compulsory reporting about transparency, use of technology like artificial intelligence for identification of behaviors and harmful contents, and devising of firm procedures to be dealt with the harmful content.

Politicians also highlighted the necessity of new regulator that could be better able to maintain check and balance upon the efforts of social media firms to drive the harm caused by their platform to a minimum level.

The proposed new regulator should also be equipped with strong legal penalties or sanctions to be enforced against companies not complying with the code of practice. A sanction to declare directors of a company to be financially liable, for company’s non abidance of the law, was also recommended by the lawmakers.

Social media was found to be causing health issues like poor body posture, grooming, bullying and damaged sleep pattern, as committee came to know through its findings.

Chairman of the Science and Technology Committee, Norman Lamb, in a press release stressed upon government to stop regulating the issues with the current regulations and emphasized on the quicker establishment of a new independent regulator, fully backed by the government, with ability to take firm and effective actions against the non complying companies.

Social media industry also acknowledged the necessity of putting more efforts to make their services safer for the users, said Daniel Dyball, executive director of the Internet Association U.K. having Facebook and Google among its members.

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I cover technology, utilities and biotechnology for Markets Morning, and I help out occasionally with other industry sectors. I've written about investment and personal finance topics for more than 20 years from a lowly copywriter to editor-in-chief, so I've done a little bit of everything. For what it's worth, I have a BA from Duke University and an MBA from Rollins College. I'm married with one daughter, and that's worth more than everything else put together.

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