Apple (AAPL) and Alphabet's Google (GOOG, GOOGL) will be forced to verify the age of Texas users of their app stores if a bill approved by state lawmakers is signed into law by Governor Greg Abbott, Reuters reported Tuesday.
The proposed law would require app store operators to verify the age of device users and require parental consent to download apps for those under 18, the report said.
Utah passed a similar law earlier this year, and Congressional lawmakers have also introduced a federal bill, according to the report.
Apple and Google oppose the Texas bill, arguing it is overly broad by requiring age verification for harmless apps that report the weather as well as social media apps that have sparked the controversy, the report said.
Apple and Google did not immediately reply to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.