; and (ii) in the case of a user that the platform knows is a child, change and control the account settings; (B) the ability to restrict purchases and financial transactions by the minor, where applicable; and (C) the ability to view metrics of total time spent on the covered platform and restrict time spent on the covered platform by the minor. (3) Notice to minors A covered platform shall provide clear and conspicuous notice to a user when the tools described in this subsection are in effect and what settings or controls have been applied. (4) Default tools A covered platform shall provide that, in the case of a user that the platform knows is a child, the tools required under paragraph (1) shall be enabled by default. (5) Application to existing accounts If, prior to the effective date of this subsection, a covered platform provided a parent of a user that the platform knows is a child with notice and the ability to enable the parental tools described under this subsection in a manner that would otherwise comply with this subsection, and the parent opted out of enabling such tools, the covered platform is not required to enable such tools with respect to such user by default when this subsection takes effect. (c) Reporting mechanism (1) Reports submitted by parents, minors, and schools A covered platform shall provide— (A) a readily accessible and easy-to-use means to submit reports to the covered platform of harms to a minor; (B) an electronic point of contact specific to matters involving harms to a minor