Almost a month after it was revealed that Russia bought political ads on Facebook during the election, three senators, with John McCain at the helm, presented the "Honest Ads Act" on Thursday. The legislation would require all digital platforms to keep a public file on any ad that cost more than $500 dollars. Andrew Couts, Politics Editor at the Daily Dot, joins Cheddar to explain what that means for Silicon Valley. He says tech companies will most certainly push back and have probably already started their campaigns behind the scenes. He points to an incident in 2011 when Facebook and Google fought certain ad disclosures because they would make the ad look "ugly." Couts says it comes down to how the ads will be displayed and what punishment would be levied against tech companies if they don't comply with the law. In terms of the ad display, tech companies are saying most people look at content on their phones, meaning there isn't enough space for a big disclosure. It limits the way they design their sites and content. Plus this is a bi-partisan bill but will there be pushback from either side? Couts says we'll have to wait for the bill to unfold, but historically Republicans are against regulations on businesses. In addition, Hillary Clinton's advisor was responsible for the pushback on online ad regulations in 2011. He believes this bill will be on the backburner in Washington though because Congress has tax reform and healthcare to take care of first.