The bill seeks to subject companies such as Facebook and Netflix to the same standards as traditional broadcasters, particularly in financing and promoting Canadian content. This includes three requirements: digital media companies must provide information about their revenue sources, they must fund Canadian content, and they will have to make it easy to find such content on their platforms.

            According to the federal government, the bill is the first step in a multi-pronged plan to regulate and tax digital platforms. Up next are plans to make social media platforms eliminate hate speech online.