I don't disagree that engagement-based algorithms are a real issue, but most of the legislation being proposed on this topic has nothing to do with that.
It's all motivated around the idea of there being a "teen mental health epidemic from social media" (which has very little support in the recent academic literature).
It's all worries about the 2010s era social graph driven by Jonathan Haidt's 8 year old podcast book tour...nobody wants to acknowledge the social graph doesn't even exist anymore!
> Algorithmic content is not the target of this
The quote from the article below shows that they are at least thinking about the algorithmic targeting specifically.
> “We want a childhood where children get to be children,” Prime Minister Jonas Gahr Store said in the statement. “Play, friendships, and everyday life must not be taken over by algorithms and screens.”
I think there may be more awareness of targeting algorithms than you think. May be due to the fact that "content creators" talk about it all the time.