I just watched the relevant part of the meeting. It passed the subcommittee and has been referred to the full committee, but in a significantly rewritten form. They did the dance of "amending" it with a bill that replaced it. The new version, on a first reading, would still ban minors from big chunks of the Internet. The main prohibition is as follows:

"A provider of a covered platform may not process the personal data of a covered minor without obtaining the verifiable consent of a parent of the covered minor."

This is, I think, a stronger prohibition than it might first seem, since how do you avoid "processing" personal data (defined as "the collection, use, storage, disclosure, analysis, deletion, or modification of personal data") if a person has an account at all? They're also pretending that parental consent is easy to verify, which it ain't, not in a nation with fifty different divorce laws.