company shall be afforded a reasonable opportunity to bring itself into compliance with such regulations. If a social media company does not meet the requirements of such regulations, the social media company shall have an opportunity to explain to the Commission the reasons for noncompliance as well as the actions the social media company intends to come into compliance with such requirements. 5. Report Not later than 2 years after the date of enactment of this Act, the Commission, in consultation with other entities, as appropriate, shall issue a report to Congress, including— (1) an assessment of— (A) general compliance with this Act by social media companies