General counsel in the United States should be keeping an eye on the European Union’s newly proposed Digital Services Act and Digital Markets Act to see how the legislation might affect businesses, but it is too soon to roll out a compliance plan, experts told Corporate Counsel.

The Digital Service Act and the Digital Markets Act were unveiled Tuesday. The Digital Services Act would change the handling of illegal or harmful content online, and the Digital Markets Act would establish an even playing field to “foster innovation, growth and competitiveness, both in the European Single Market and globally,” according to the European Union.

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