The bill would create a "national commission" at the Department of Homeland Security. The commission would have the authority to hold hearings and issue subpoenas. It would also create a social media task force to coordinate the government's response to security issues. The legislation could be introduced as soon as next week, The Washington Post says.

Today, representatives from Facebook, Google and Twitter appeared in a hearing before Senate lawmakers. The hearing questioned whether the platforms have become conduits for real-world violence. All three companies say they've improved their systems, but some lawmakers say they're not doing enough.

The companies are also facing pressure from major civil rights groups. Yesterday, several groups wrote a letter saying tech giants have a "moral responsibility" to better combat how social media can be used "to inflict fear and spread hate." While there have been attempts to make the internet safer -- like Facebook's plans to train its AI with police body camera footage -- whether or not those efforts are effective is another question.