[nradov]

You're exaggerating. I don't know why you immediately jump to the assumption that any regulatory change would be all or nothing. A more likely political outcome will be some sort of compromise.

For example, Internet services which host user-generated content might be able to retain liability protection only if they also provide some reasonable degree of transparency and accountability. Clearly document their editorial policies and algorithms, and provide a formal appeals process for users who were censored.