The draft has four principal components: (1) covered platforms must allow users to delegate their access rights to AI agents; (2) covered platforms must meet interoperability obligations so that registered agents can function on the platform; (3) AI agents are subject to non-waivable, fiduciary-style duties covering data use, privacy and cybersecurity; and (4) the FTC will administer a registration framework for AI-agent providers certifying compliance with agents' obligations.