According to a report in The New York Times, Senators John McCain (R-AZ), Mark Warner (D-VA) and Amy Klobuchar (D-MN) drafted legislation to increase transparency in online political advertising. The measure called “The Honest Ads Act” attempts to align rules for online advertising with those broadcast on television and radio.

The Act would require online companies like Google and Facebook to include disclosures identifying the purchasers of ads and maintain a “public file” of ads about candidates and issues of national importance. The new rules would apply to any entity that spends a cumulative $500 on online ads during an election cycle.

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