This is not entirely accurate. One thing that doesn't seem to get much publicity, is that this law also fixes the broken DMCA process.
Platforms are expected not only to avoid taking down the wrong content, but they are obligated to have stuff (not computers) that rapidly examine any complaints about unlawful take-downs and re-instate the content.
http://www.europarl.europa.eu/news/en/press-room/20180906IPR...