This seems similar to the EUs requirements. It really speaks about the US laws when even archaic Japanese legislators (see Japanese copyright laws) are ahead of that market in customer rights/options.
It’s ridiculous. I think the law should be written with the expectation that the common citizen cannot afford legal counsel for an unlimited period of time.
We're trending in the right direction but we're not at all in a position to be saying we're better than anyone on that front, given how much industry pushback there's been.
At the very least it's seems heavily inspired by the Digital Markets Act, which is why I'd hope that their wording will be specific enough to close those "loopholes" Apple is currently attempting in the EU.