00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Senator Ted Cruz said Tuesday he will support the Kids Online Safety Act,
00:07a bill that would require social media companies to exercise reasonable care when designing
00:12features that contribute to harm to minors, according to Reuters.
00:16The legislation lists harms, including eating disorders, depression, and sexual harassment
00:21of minors. Cruz said the bill will pass through the Senate Commerce Committee
00:26and advance to a full Senate vote. Cruz chairs the Senate Commerce Committee,
00:31which oversees the legislation before it reaches the Senate floor.
00:35Cruz previously supported similar legislation, but had not scheduled a formal committee vote
00:39during the current congressional session. A spokesperson for Cruz said his support for
00:44the bill is consistent with his previous statements. For all things money, visit Benzinga.com.
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