It is attempting to fix the paradox of companies like Google, facebook, twitter from being able to act like platform while still retaining the protections of a publisher. Right now the tech giants all use a loop hole in the old section 230 to protect themselves while they do as they please. If this goes through it will force these companies to change how they deal with content. Hopefully it will force them declare as publisher with full editorial control over what gets posted or a platform which allows anyone to post anything as long as it does not break any laws (or terms of service because muh private companies).