Google, Facebook putting an early mark on political advertising bills

Google and Facebook are looking to make an early imprint on legislation being drafted in the House and Senate that would force them and other online networks to disclose information about the buyers of political ads. Lobbyists from the Silicon Valley behemoths have met with the staffs of Sens Mark Warner (D-VA) and Amy Klobuchar (D-MN) and Rep. Derek Kilmer (D-WA), all of whom are drawing up bills that would impose new regulations on the industry. The Senate bill is expected to be formally introduced next week.

It is not clear when the House legislation, which has not been previously reported, will be introduced. The companies are keen to show steps they've taken to police themselves when it comes to monitoring and disclosing the ads on their sites, efforts that could be used to fend off heavy-handed regulation as investigations into Russian interference in the election bring unprecedented scrutiny on their businesses.