Meta has threatened to pull all news from Facebook in the US if an 'ill-considered' bill that would compel it to pay publishers passes

Meta, Facebook's parent company, issued a public warning Monday that it could remove all news from its US platform if Congress passed its media-competition bill, which would force Meta and other platforms to compensate publishers and broadcasters.

Andy Stone, Meta's policy-communications director, posted the company's statement on Twitter regarding its position on the Journalism Competition and Preservation Act. The statement said that if Congress passed the "ill-considered journalism bill," Meta "will be forced to consider removing news from our platform altogether."

The bill was introduced by Sen. Amy Klobuchar with bipartisan support and would enable publishers to negotiate with social-media platforms like Facebook and Google over how their content is distributed on such platforms. This includes requiring social-media firms to pay for news content.

"The Journalism Competition and Preservation Act fails to recognize the key fact: publishers and broadcasters put their content on our platform themselves because it benefits their bottom line — not the other way round," Meta said in the statement.