https://www.cnet.com/news/facebook-ftc-settlement-would-reportedly-place-privacy-minded-execs-in-company/

The consumer watchdog would basically maintain veto power over the federally approved privacy exec and the committee would issue reports on Facebook's privacy practices, Politico noted.

This high-level personnel shift would apparently come alongside unannounced FTC fine that'd may hit Facebook for $3 billion to $5 billion.