Are you kidding me. Facebook is praying this will go through. They can afford to hire people to police their sites and they can afford liability insurance. This will lock out companies that would othwise rise up to compete with them. This would give them a monopoly on social media.
Dan Bongino has been warning about this for months. He dedicated an enire show recently to warning conservatives about getting on this bandwagon. It is a Trojan Horse.
I agree that this would impact free republic.
What about declaring them to be common use public utilities like phone companies? Phone company can’t cut you off because it doesn’t like your speech