I don't think this is reasonable because it seems to place enormous regulatory burdens on almost all businesses depending on how you define moderation. For exam

I don't think this is reasonable because it seems to place enormous regulatory burdens on almost all businesses depending on how you define moderation. For example, if I am a physical business that has a code of conduct banning certain behavior (which I would say is analogous to moderation), am I now liable whenever someone doesn't adhere to it and I don't catch it? If I am a small forum, am I now liable for policing potentially hundreds of users if I have any sort of eula?