The committee recommended that social media sites should have to follow a mandatory code of ethics overseen by an independent regulator to better control harmful or illegal content.
The committee said it hoped its conclusions would be considered when the government reviews its competition powers in April.
The government said it welcomed the reports contribution towards our work to tackle the increasing threat of disinformation and to make the U.K.
Facebook and other internet companies have been facing increased scrutiny over how they handle user data and have come under fire for not doing enough to stop misuse of their platforms by groups trying to sway elections.
And in December , a trove of documents released by the committee offered evidence that the social network had used its enormous trove of user data as a competitive weapon, often in ways designed to keep its users in the dark.
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