Supporting the growth of online platforms in Europe is the aim of proposals published this week by Daniel Dalton MEP.
They back the idea that platforms cannot be held responsible for every piece of content posted while acknowledging the need for step-by-step improvements to the current regulations.
Measures to make it easier for platforms to operate across borders are called for, as are protections for small businesses using online platforms.
The Motion, drawn up by Daniel and like-minded MEPs, contrasts with a non-legislative report approved by the European Parliament in Strasbourg this week which seeks to impose more regulation on the sector.
Conservative Internal Market spokesman West Midlands MEP Dan Dalton described the report as "overly protectionist".
"It bemoans the fact that Europe has not produced any global players yet calls for far greater regulation of European platforms – it is complicated and contradictory.
"Platforms engineered and launched in Europe are globally successful – just ask Spotify or Skyscanner – but we won't breed success by throwing up walls to block US or Asian competitors.
"We need to simplify rules across and avoid discriminatory measures so that scaling up in Europe and accessing our 500 million consumers is as easy as it is to access the 320 million in the US.
"Our Motion aims to create conditions that are pro-innovation and underlines the point that analogue-era legislation cannot be copied wholesale and applied to the digital world."