The initiative seeks to make the press, content creators, and social media financially liable for false claims and baseless accusations US President Donald Trump has shared a video calling for a law that would make media outlets, content creators, and social media networks financially liable for making false claims and unsubstantiated accusations against anyone.The president reposted a short clip on Truth Social that was originally published on TikTok by a woman going by the name Elly May. There, she calls on him and his administration to reinstate the Smith‑Mundt Act, which, according to her, “held news corporations accountable for lying to the American people and spreading propaganda instead of truth.”A piece of Cold War-era legislation, the Smith‑Mundt Act was aimed at preventing domestic dissemination of US media content intended for foreign audiences, such as from Voice of America or Radio Liberty. Contrary to what May said in her video, it was not repealed under former US President Barack Obama and is still in force. It also has nothing to do with holding US news media accountable for spreading false narratives at home. In the video, May also urged Trump to name it “the Charlie Kirk Act” after the conservative activist murdered this week. She accused the media of bringing “chaos, hatred, division, and anarchy all across this country” and also linked Kirk’s death to “constant hateful rhetoric” he faced online and in the media.Trump did not comment on May’s video in his repost. A petition of a similar nature launched on Change.org on Saturday got nearly 43,000 signatures in about a day. Directed at Trump and Vice President J.D. Vance, it also called on them to introduce strict penalties against news media, content creators, and social networks for spreading “false narratives,” baseless accusations or employing “unfair” censorship. READ MORE: Charlie Kirk murder suspect ‘not cooperating’ with authorities – Utah governor Kirk, 31, the founder of Turning Point USA, was killed while addressing students at a college in Orem, Utah, on Wednesday. A suspect arrested in connection to the case was “deeply indoctrinated with leftist ideology,” according to Utah Governor Spencer Cox. In the wake of the incident, Trump vowed to pursue not only Kirk's murderer but also what he called the “radical left” networks that fuel political violence.