In general— Not later than 180 days after the date of the enactment of this Act, and every 3 years thereafter as needed, the Commission shall, in accordance with
section 553 of title 5, United States Code, issue regulations that require the following:
(1)
A covered platform to maintain, and grant academic researchers and the Commission access to, an ad library that contains in a searchable, machine-readable format and that is collected by the covered platform in the ordinary course of business the following information (which may be updated by the Commission as the Commission determines to be necessary) related to any advertiser that purchases $500 or more of advertising in a calender year:
(A)
The legal name and unique identification number for each advertiser.
(B)
A digital copy of the ad content.
(C)
The method used, as selected either by the advertiser or by the covered platform, to target an ad to platform users, including uploaded lists of platform users, pre-set categories of platform users, key words, and contextual information.
(D)
The optimization objective chosen by the advertiser (such as awareness, reach, traffic, and engagement).
(E)
A description of the targeted audience for each advertisement, including information (that may have been collected from the profile of a user or based on an algorithm) on the demographics of the audience (including age, gender, geographic location, race, ethnicity, and political affiliation), interests of the audience, and any other description of the targeted audience determined to be reasonable by the Commission.
(F)
A description of the audience of the advertisement determined by a count of advertiser viewership, including information (that may have been collected from the profile of a user or based on an algorithm) on the demographics of the audience (including age, gender, geographic location, race, ethnicity, and political affiliation), interests of the audience, and any other description of the targeted audience determined to be reasonable by the Commission.
(G)
The number of views generated from the advertisement.
(H)
Ad conversion (including how often an ad was shared, liked, or clicked-through).
(I)
The date and time that the advertisement was first displayed and last displayed.
(J)
The amount an advertiser budgeted for the purchase of the advertisement on the platform and the amount paid for the purchase of the advertisement on the platform.
(K)
The category of an ad as defined by the covered platform (such as politics, employment opportunity, housing opportunity, or apparel).
(L)
Each language contained within the ad.
(M)
Each advertising policy of the covered platform that is made available to advertising customers on the covered platform.