The U.K. Online Safety Bill, a piece of legislation that seeks to improve the safety levels of children and adults online, has been passed by both houses of the parliament and is ready to become law. In a press release, the U.K. government stated that the law will make the country “the safest place in the world to be online,” establishing new rules that messaging and social media platforms now have to comply with. The bill, which takes a “zero-tolerance approach to protecting children and makes sure social media platforms are held responsible for the content they host” by establishing penalties of up to £18 million ($19.16 million) or 10% of their global annual revenue, has been praised as a milestone by government officials.