The European Commission is preparing to introduce the EU Children's Act, a legislative proposal that seeks to impose a sweeping prohibition on children under the age of 13 from accessing social media platforms. In addition, the act will enforce stringent age restrictions and safety protocols on video-sharing services, online gaming, and AI companionship tools. The proposed legislation will introduce a tiered system of controls tailored to different age brackets: children under 13 will be barred from using social media entirely; teenagers aged between 13 and 15 will be permitted to use restricted accounts, subject to parental consent, accompanied by parental supervision features and time management tools; and individuals aged 15 and above will be exempt from these constraints. Moreover, the act obliges platforms to implement robust safety mechanisms to shield children from exploitation and addictive patterns, and necessitates the utilization of official age verification apps to ascertain users' ages. Platforms found in breach of these regulations will incur fines amounting to up to 6% of their global annual turnover.