Plus by the time it gets through congress and into written law the big tech lawyers will have riddled it with ways to suppress their competition and have it so

Plus by the time it gets through congress and into written law the big tech lawyers will have riddled it with ways to suppress their competition and have it so complex/involved that only a large company could follow it (see: the bills following 'too-big-too fail' that merely reduced the number of big banks to 5 and hundreds of midsized ones could no longer deal with the new capital requirements). I'm just trying to imagine how awful the standard will be, or how selective the enforcement will be, how some new technological development happens but adoption gets crippled by a policy written for the Facebook era, etc, etc. There's always tons of downsides that outweigh these heavy handed interventions.