In Germany, officials are working on it. A new social media bill being considered by Germany would force social media giants such as Facebook and Twitter to remove quickly fake news that incites hate or criminal content. The penalty for failing to remove “fake news?” Fifty million Euros, about $53 million.

While that may sound as if it’s an ideal method to stop fake news, critics contend the bill goes too far and could limit free speech.

Chancellor Angela Merkel’s cabinet, though, favors the bill, giving it a good chance for passage in the German Parliament.