Every state or country that propose this I assume have ulterior motives. There must be some private company lobbying for this, as it would be simple to accomplish the same end goal without creating new services that people must submit an ID to and ultimately putting totalitarian controls on all adults and spreading PII information around where it will ultimately be leaked.
The simplest solution would be to require sites that have user-contributed content to add the RTA header [0], create legislation requiring the most common browser apps to recognize this header and integrate with parental controls which most devices already have and put the liability on the parents to parent their children. It doesn't have to be every app or device, just the most common that children would have access to. Cell phones and tablets already have controls and apps to let children use specific apps. Teens will find ways around this, just as they would using some 3rd party service that requires a credit card and thus leading to more CC fraud. Let's keep financial data out of this and keep teens from starting their adult life with a criminal record of financial fraud.
I think it's a poorly constructed bill, the ID requirement is ridiculous but I can sort of see some of the reasoning. Social Media is unhealthy for younger people (Actually it is unhealthy for adults too, but I think adults should be allowed to make their own bad decisions). Teens should have real relationships, outside, with human beings. Not a parasitic relationship with an App that was engineered with the same tricks as a Las Vegas casino.
The argument that "teens will find away around this" could be made for anything. Sure, just like kids get into drugs. But we don't let them buy cigarettes at the corner gas station. There is a difference between making something readily accessible and putting in some guardrails.
On the monetary front, a number of companies such as Infosys [1] are lobbying for CDBC schemes, so your assumption is completely plausible. However, in this case I’ve never found the company that’s behind such lobbying.
Have you considered proposing your scheme as a RFC to relevant stakeholders such as WHATWG?
The simplest solution would be to require sites that have user-contributed content to add the RTA header [0], create legislation requiring the most common browser apps to recognize this header and integrate with parental controls which most devices already have and put the liability on the parents to parent their children. It doesn't have to be every app or device, just the most common that children would have access to. Cell phones and tablets already have controls and apps to let children use specific apps. Teens will find ways around this, just as they would using some 3rd party service that requires a credit card and thus leading to more CC fraud. Let's keep financial data out of this and keep teens from starting their adult life with a criminal record of financial fraud.
My previous comments. [1][2]
[0] - https://davidwalsh.name/rta-label (2011)
[1] - https://news.ycombinator.com/item?id=19501987
[2] - https://news.ycombinator.com/item?id=34262400