The bill imposes requirements on online gaming services and social media platforms, and collects an additional fee on microtransactions in games to be credited to the State Public School Fund. Interesting twist on money manipulation. The bill allows “using personal data for media recommendations unless specifically requested by the minor.” So, the bill perversely gives parents monitoring rights only if the minor (child) consents. It includes a transition fee (really a tax) of 5% that goes to the public-school fund (Since when are our public schools the paragon of good parenting?). December 1st is a ridiculously short timeline for companies to comply with these regulations. The Fiscal Note states that the fiscal analysis is preliminary, meaning it will likely go much higher. This bill is an end run to collect more money in the name of helping children.
