1. Short title This Act may be cited as the Internet Platform Accountability and Consumer Transparency Act or the Internet PACT Act . 2. Definitions In this Act: (1) Commission Except as otherwise provided, the term Commission means the Federal Trade Commission. (2) Demonetize The term demonetize , with respect to content on an interactive computer service, means to take action to prohibit the information content provider that generated or disseminated the content from receiving direct financial compensation from the interactive computer service provider based on the content. (3) Deprioritize The term deprioritize , with respect to content on an interactive computer service, means to take affirmative, content-specific action to reduce the priority level of the content. (4) Illegal activity The term illegal activity means activity conducted by an information content provider that has been determined by a trial or appellate Federal or State court to violate Federal criminal or civil law. (5) Illegal content The term illegal content means information provided by an information content provider that has been determined by a trial or appellate Federal or State court to violate— (A) Federal criminal or civil law; or (B) State defamation law. (6) Individual provider The term individual provider means a provider of an interactive computer service that, during the most recent 12-month period— (A) received fewer than 100,000 unique monthly visitors