EU lawmakers also called on the European Commission to amend the legislation on intellectual property rights for live sporting events.
But the resolution to be debated Wednesday also seeks to address problems faced by lesbian, gay, bisexual, transgender, intersex and queer people across the bloc.
Facebook has faced worldwide criticism over the claims that Cambridge Analytica, the UK data analysis firm hired by Trump's 2016 campaign, harvested and misused data on 50 million members.
One Wall Street analyst said the reports raised 'systemic problems' with Facebook's business model and a number said it could spur far deeper regulatory scrutiny of the platform.
The European Union's top officials invited US President-elect Donald Trump to a summit with the 28-nation bloc after his stunning victory.