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A logo of Twitter is pictured next to the logo of Facebook in this September 23, 2014 illustration photo in Sarajevo. REUTERS/Dado Ruvic(reuters_tickers)
BERLIN (Reuters) - Germany's Justice Minister on Tuesday put forward a new draft law calling for social networks like Facebook <FB.O> to remove slanderous or threatening online postings quickly or face fines of up to 50 million euros ($53.15 million).
"This (draft law) sets out binding standards for the way operators of social networks deal with complaints and obliges them to delete criminal content," Justice Minister Heiko Maas said in a statement announcing the plans.
Failing to comply could result in a fine of up to five million euros on the individual deemed responsible for the company in Germany and 50 million euros ($53 million) against the organisations themselves, he said.
In 2015, Germany pressed Facebook, Twitter <TWTR.N> and Google's <GOOGL.O> YouTube to sign up to a code of conduct, which included a pledge to delete hate speech from their websites within 24 hours.
The new draft rules turn these into legal obligations to delete or remove illegal content, to report regularly on the volume of filed complaints and they also demand that sites make it easier for users to complain about offensive content.
Facebook, Google and Twitter were not immediately available to comment on the draft law, elements of which had been signalled previously.
Germany already has some of the world's toughest hate speech laws covering defamation, slander, public incitement to commit crimes and threats of violence. The government is seeking to update these rules for the social media age.
Maas and other members of conservative Chancellor Angela Merkel's ruling coalition have called for social networks to be held to higher content standards demanded of media broadcasters instead of hands-off rules applied to telecom operators.
The issue cuts to heart of a more than decade-old debate over whether social network platforms should bear more responsibility for content posted by users, as social networks become an important source of news and information.
In Germany, the issue has taken on more urgency because of concern by the country's political establishment about the spread of fake news and racist content on social media, often targeting more than 1 million migrants who have arrived in the last two years, which could sway public opinion in this year's election campaign.
($1 = 0.9407 euros)
(Reporting by Hans-Edzard Busemann; Writing by Madeline Chambers and Eric Auchard. Editing by Jane Merriman)