

Austria has that (with the catchy name Verein zur Selbstkontrolle der österreichischen Presse – Österreichischer Presserat), doesn’t help one bit, except in extreme cases.
https://de.wikipedia.org/wiki/Österreichischer_Presserat (no English version available, unfortunately)
Would be interesting what would happen when the EU regulates that browsers aren’t allowed to render non-standards compliant pages at all in order to allow new engine development just based on the spec, rather than having to implement all error fallbacks as well.
The EU is just bureaucratic enough that they could do that without realizing what a tornado of poo that would cause.