> They only want a way to hold big corporations accountable to exploiting children.

Let me know when they pass actual laws tackling that, then. Even if this law was ironclad, this does not solve the simple factor of using a "verified" device.

You don't fix a problem of society from private corporations by restricting society. You need to actually attack the corporations itself. But governments are sheepish to go after "their own", or people who can bribe them into feeling like one of them.

It's not a great implementation either. But COPPA is an example in the right direction and made companies need to change their algorithms based on the user account's reported age. That's more of the direction to move in.