Zuckerberg announces support for regulating political ads on social media

Zuckerberg announces support for regulating political ads on social media
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Facebook CEO Mark ZuckerbergMark Elliot ZuckerbergPrivacy groups accuse Facebook of deceiving children into spending parents' money Pinterest blocks all vaccine-related searches in effort to combat anti-vax content Hillicon Valley: Kremlin seeks more control over Russian internet | Huawei CEO denies links to Chinese government | Facebook accused of exposing health data | Harris calls for paper ballots | Twitter updates ad rules ahead of EU election MORE announced support Friday for legislation that would regulate political ads on internet platforms, including his own.

Zuckerberg said that Facebook supports the Honest Ads Act, legislation that would hold social media companies to the same political regulations as TV, print and radio outlets.

“Election interference is a problem that's bigger than any one platform, and that's why we support the Honest Ads Act. This will help raise the bar for all political advertising online,” Zuckerberg said in a post.

The legislation, created by Sens. Amy KlobucharAmy Jean KlobucharHarry Reid says he won’t make 2020 endorsement until after Nevada caucus Gillibrand to appear on Fox News Monday night Overnight Energy: Trump ends talks with California on car emissions | Dems face tough vote on Green New Deal | Climate PAC backing Inslee in possible 2020 run MORE (D-Minn.) and Mark WarnerMark Robert WarnerHillicon Valley: Trump pushes to speed up 5G rollout | Judge hits Roger Stone with full gag order | Google ends forced arbitration | Advertisers leave YouTube after report on pedophile ring Warner questions health care groups on cybersecurity Cohen to testify before Senate Intel on Tuesday MORE (D-Va.), was drafted in response to Russian use of social media ads to influence the 2016 election.

Sen. John McCainJohn Sidney McCainMellman: Where are good faith and integrity? GOP senator says Republicans didn't control Senate when they held majority Pence met with silence after mentioning Trump in Munich speech MORE (R-Ariz.) has announced his support for the Honest Ads Act, but the bill has yet to receive backing from other Republicans, who say that they support the sentiment but not the specific rules in the bill.

Warner said in a statement that other companies should follow suit and back political ad regulations as well.

“Most of the paid ads the Internet Research Agency ran on Facebook prior to the 2016 election didn’t mention Hillary ClintonHillary Diane Rodham ClintonHillicon Valley: Trump pushes to speed up 5G rollout | Judge hits Roger Stone with full gag order | Google ends forced arbitration | Advertisers leave YouTube after report on pedophile ring 4 ways Hillary looms over the 2020 race Hillary Clinton met with Biden, Klobuchar to talk 2020: report MORE or Donald TrumpDonald John TrumpSchiff urges GOP colleagues to share private concerns about Trump publicly US-China trade talks draw criticism for lack of women in pictures Overnight Defense: Trump to leave 200 troops in Syria | Trump, Kim plan one-on-one meeting | Pentagon asks DHS to justify moving funds for border wall MORE — but they did mention divisive political issues like guns, LGBT rights, immigration, and racial issues," Warner said. "That’s why today’s announcement by Facebook is so important."

Zuckerberg’s announcement comes days before he faces three Congressional committees next week in back-to-back hearings on Tuesday and Wednesday.

Lawmakers are expected to hammer the Facebook CEO over how British data firm Cambridge Analytica, which worked on the Trump campaign, was able to obtain data from 50 million Facebook users. 

Lawmakers will also likely press Zuckerberg on how Facebook was used by Russians attempting to influence the 2016 election.