Europe agrees to sweeping new regulations for tech platforms

(CNN)European policymakers have reached agreement on a sweeping package of new regulations for tech platforms that could mean big changes in oversight for everything from social media algorithms to digital advertising — and with potential ramifications worldwide.

The proposed law, known as the Digital Services Act (DSA), marks the second piece of landmark tech legislation to advance in Europe within a month. It aims to impose new rules on how the tech industry handles misinformation and illegal content on social media, as well as illegal goods and services on online marketplaces. The biggest companies that violate the law could face billions in fines.

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