I have to say that I disagree with the SMACA simply because it seems to only go after specific parties. Making a specific law that only applies to a select few, with the intent to force them to change their business is pretty heavy handed. Especially if a smaller competitor can have the same practices that are being banned for the bigger platforms. You wouldn't allow a small pharmaceutical company dump poison into the drinking water just because they don't have a certain percentage of the market while banning their larger competitors from doing the same. It's also unreasonable to give that much power to the FCC. They don't have the resources to manage this kind of regulation, and the enforcement would better fall under the FTC, which already has the resources. If you're interested, I have written an internet bill of rights, which is on my profile.
RE: Internet Bill of Rights -- Part 1, Social Media