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I generally agree, and given the tendency of polities worldwide to embrace sociopaths as leaders, any such policy will likely be, at best, abused.
If the USA doesn't collapse into complete, chaotic dysfunction - a real possibility - I do expect Section 230 will be repealed or overridden, because as this piece notes, there's a widespread, nonpartisan sense that Something Must Be Done, and Section 230 is an obvious target. Complete abrogation would be catastrophic for everyone except rich assholes and their lawyers.* Ending it for Facebook et al. but keeping it for platforms that don't "algorithmically" steer users toward content posted by other users might be the best that could be salvaged.
*Even now, it's remarkable how many lawsuits there are trying to get around Section 230, and not even just against deep-pocketed defendants like Facebook. Law-school prof Eric Goldman blogs about many but far from all of them: