It's necessary because some (let's face it, X) social media companies are suspected of lying (aka engaging in fraud) to consumers by claiming that they are taki

It's necessary because some (let's face it, X) social media companies are suspected of lying (aka engaging in fraud) to consumers by claiming that they are taking aggressive action against hate speech while not actually doing so. Sure, they could just take them to court for that fraud and get that information via discovery, but just compelling companies to publicly disclose the info bypasses all that and puts the decision making back into the hands of the consumers. And what is more American than that?