Congress Eyes New Rules for Tech
Most Democrats and Republicans agree that the federal government should better regulate the biggest technology companies, particularly social media platforms. But there is little consensus on how it should be done. Concerns have skyrocketed about China's ownership of TikTok, and parents have grown increasingly worried about what their children are seeing online. Lawmakers have introduced a slew of bipartisan bills, boosting hopes of compromise. But any effort to regulate the mammoth industry would face major obstacles as technology companies have fought interference. Noting that many young people are struggling, President Joe Biden said in his February State of the Union address that "it's time" to pass bipartisan legislation to impose stricter limits on the collection of personal data and ban targeted advertising to children. "We must finally hold social media…