Iowa to Hand $25,000,000 to Residents Harmed by Meta in First Consumer Restitution Fund

Iowa is setting up the first-of-its-kind restitution fund to hand out $25 million to residents hurt by Meta’s practices aimed at children.

Attorney General Brenna Bird says the state will use $25 million from its $126 million Meta settlement to pay eligible Facebook and Instagram users. Iowa is the first state in the deal to create a consumer fund.

Bird says half of the settlement, about $68 million, must address the harms that prompted the lawsuit.

Says Bird,

“The Meta settlement was a victory for Iowa’s families. Our kids will now be safer online… I’m happy to announce we are the first state to create a fund to share the settlement with Iowans who have been affected by Meta’s bad behavior.”

Other pots include $11 million for the Iowa Kids and Consumers Defense Fund, $10 million in school grants, $10 million for victim support and a Special Victims Unit, $3 million for technology upgrades and about $7.3 million for the Ensuring Child Safety Online Fund.

Roughly $49 million goes to the state’s general fund after legal fees.

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