[notahacker]

The published text doesn't require companies to publish logs, it requires them to publish a policy [something Twitter and Facebook already do to some extent] and then allows vexatious litigants to sue for $5k in imaginary damages if they disagree with how the policy is applied.

This isn't transferring power from the tech elite to the public, it's making trolling the new patent trolling.

[s_y_n_t_a_x]

Under that interpretation, companies will certainly want to keep a public moderation log for court documentation then.

Being transparent as possible will be best for the user and the courts to determine whether or not there is selective bias in moderation.