The bill would create a new federal agency, the Federal Digital Platform Commission, to regulate digital platforms, which are defined as online services that facilitate interactions between users and between users and entities that offer goods and services. Some critics argue that this would create unnecessary bureaucracy and stifle innovation and competition in the digital sector.

This bill would also give the commission broad powers to set standards for access, competition, consumer protection, age verification, and algorithmic processes for digital platforms. Some critics worry that this would infringe on the free speech and privacy rights of users and platforms, and that the commission would lack the expertise and accountability to oversee such complex and dynamic issues.

The bill would also allow the commission to designate certain digital platforms as systemically important, based on criteria such as their economic, social, or political impacts. These platforms would be subject to additional regulations and oversight, and would have to notify the commission of any proposed mergers or acquisitions. Some critics contend that this would create a two-tier system of regulation that would favor established platforms over new entrants, and that the commission would have too much discretion and influence over the digital market.