Here is the actual act if anyone is interested.
https://artificialintelligenceact.eu/the-act/
Seems they banned the pervasive stuff (face recognition, humor recognition at work, etc) but left the rest alone. I haven't had time to read the act but the article implies deepfakes are okay as long as the website tells you it's AI which is quite surprising.
Looks like we get to keep our fancy new image and video generation toys. Hollywood is about to get fucked.