- There are certain things that no private company can do.
Only lawmakers can pass federal privacy legislation.
We don't have nationwide federal privacy legislation
in this country, which we clearly need.
You do have it in other jurisdictions in Europe,
but not here.
Only lawmakers can pass legislation
to strike the right balance
so that if people move data from one platform to the other,
which is good for competition,
you strike the right balance with the privacy safeguards,
which should be in place at the same time.
That has to be enshrined in law.
Only lawmakers can create a digital regulator,
which we believe would be a good thing.
Section 230, as you know,
gives online platforms protection
from liability for the content that passes on their platforms.
I think the way to perhaps change Section 230,
my suggestion, would be to make that protection,
which is afforded to online companies like Facebook,
contingent on them applying the systems
and their policies as they're supposed to.
And if they fail to do that,
they would then have that liability protection removed.
There are certain things that only lawmakers can do.
Only lawmakers can amend Section 230.
Only lawmakers can introduce federal privacy legislation.
Only lawmakers can introduce laws
to protect our elections and so on.
And that's not a substitute for the responsibility
that Facebook has got,
as we do, to continue to invest, as we do on a huge scale.