1. Short title This Act may be cited as the Terms-of-service Labeling, Design, and Readability Act or the TLDR Act . 2. Standard terms of service summary statement (a) Deadline for terms of service summary statement Not later than 360 days after the date of the enactment of this Act, the Commission shall issue a rule under section 553 of title 5, United States Code, with regard to a covered entity that publishes or has published a terms of service— (1) that requires the covered entity to include a truthful and non-misleading short-form terms of service summary statement on the website of the entity; (2) that requires the covered entity to include a truthful and non-misleading graphic data flow diagram on the website of the entity; and (3) that requires the covered entity to display the full terms of service of the entity in an interactive data format. (b) No New Contractual Obligation The requirement to include a summary statement described in subsection (a) does not create any new contractual obligation. (c) Requirements for short-Form terms of service summary statement (1) In general The short-form terms of service summary statement described in subsection (a)— (A) shall be accessible to individuals with low levels of literacy and individuals with disabilities, machine readable, and shall include tables, graphic icons, hyperlinks, or other means as the Commission may require