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How does it work on the web? Would developers get an opportunity to fix the issues, or would the company randomly get slapped with a massive fine?

It seems like it would be a good way for a company to suppress competitors to a field, they could trigger these kinds of laws in up-and-coming companies.

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It ends up going to the OCR (Office of Civil Rights). They will independently verify whether or not there are problems. If there are, the organization who owns the site will be contacted and made aware of the concerns. They will get an opportunity to correct the problems.

And yes, you certainly could audit your competitors products and force them down this path. I'm not sure that is a winning move, though, as all you are doing is forcing them to build a stronger product.

This isn't true, you just get a lawsuit at your doorstep.

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