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 ZuckerbergChina may be copying Facebook to build an intelligence weapon Facebook announces verification to images and video on platform Hillicon Valley: North Korean IT firm hit with sanctions | Zuckerberg says Facebook better prepared for midterms | Big win for privacy advocates in Europe | Bezos launches B fund to help children, homeless 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 KlobucharGOP in striking distance to retake Franken seat Warner: 'overwhelming majority' of Republicans would back social media regulations Republicans block Democratic bid to subpoena Kavanaugh documents MORE (D-Minn.) and Mark WarnerMark Robert WarnerRussia docs order sets Trump on collision with intel community Hillicon Valley: North Korean IT firm hit with sanctions | Zuckerberg says Facebook better prepared for midterms | Big win for privacy advocates in Europe | Bezos launches B fund to help children, homeless Bipartisan trio asks US intelligence to investigate ‘deepfakes’ MORE (D-Va.), was drafted in response to Russian use of social media ads to influence the 2016 election.

Sen. John McCainJohn Sidney McCainTrump administration weakens methane pollution standards for drilling on public lands Another recession could hit US in 2019, says credit union association chief R-E-S-P-E-C-T: One legacy of Franklin and McCain is up to us 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 ClintonHillary Clinton: FBI investigation into Kavanaugh could be done quickly Hillary Clinton urges Americans to 'check and reject' Trump's 'authoritarian tendencies' by voting in midterms EXCLUSIVE: Trump says exposing ‘corrupt’ FBI probe could be ‘crowning achievement’ of presidency MORE or Donald TrumpDonald John TrumpTrump: I hope voters pay attention to Dem tactics amid Kavanaugh fight South Korea leader: North Korea agrees to take steps toward denuclearization Graham calls handling of Kavanaugh allegations 'a drive-by shooting' 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.