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CNN reports that the White House is planning to narrow the immunity tech companies get "if they remove or suppress content without notifying the user who posted the material, or if the decision is proven to be evidence of anticompetitive, unfair or deceptive practices." Meanwhile, if the executive order ultimately goes ahead, the Federal Trade Commission will reportedly be tasked with opening a "public complaint docket" to receive allegations of anti-conservative bias from the public, and will "work with the FCC to develop a report investigating how tech companies curate their platforms and whether they do so in neutral ways." The full text of the draft executive order has not yet been made public, and could be changed before being formally introduced — or not introduced at all.
As said here by Rob Price