The US House of Representatives moved to fast-track legislation forcing TikTok’s Chinese parent company ByteDance to divest a stake in the short form video app or face a ban from operating in the country.
The app's owner, ByteDance, has nine months to sell its stake or face being blocked in the US.
China's EV industry benefits from billions of dollars in government subsidies.
After a swift vote in the House of Representatives earlier this week, the United States Senate has now passed the National Security Package which includes the controversial potential ban on TikTok in the US. Following the US legislative process, the bill is now heading to President Joe Biden who has previously committed to signing it into law. Should that scenario play out TikTok parent company ByteDance would be left with two choices - divest into a US-based company in the next twelve...
The Senate passed a bill Tuesday to force TikTok's China-based parent company, ByteDance, to sell the video sharing social media platform or face a ban in the U.S., as lawmakers accuse the platform of collecting user data and spreading propaganda. The TikTok legislation was part of a larger $95 billion package to provide foreign aid to Ukraine, Israel and Taiwan that passed the Upper Chamber by a 79 to 18 vote. The package now heads to President Biden, who said he plans to sign it Wednesday....
The measure, passed by the US House of Representatives on April 20, is driven by concerns that China could access Americans' data or surveil them with TikTok
On Saturday, Congress advanced efforts to ban the widely-used video-sharing platform TikTok. The House made a second attempt to pass legislation aimed at tackling what lawmakers argue poses a national security risk.In a decisive 360-58 vote, the House of Representatives approved a bill containing a provision that would compel ByteDance, the owner of TikTok, to sell the company within a year. If the Chinese tech firm fails to follow the order, it will be removed from app stores in the US.However,...
The US Senate has voted for a bill package that includes a bill that could lead to the banning of TikTok from US app stores. President Joe Biden will sign the bill into law on Wednesday.
Biden is expected to quickly sign the legislation and start the process of sending the money to Ukraine.
Biden is expected to quickly sign the legislation and start the process of sending the money to Ukraine.
The U.S. Senate voted by a wide margin late Tuesday in favor of legislation that would ban TikTok in the United States if its owner, the Chinese tech firm ByteDance, fails to divest the popular short video app over the next nine months to a year.Driven by widespread worries among U.S. lawmakers that China could access Americans' data or surveil them with the app, the bill was passed by the U.S. House of Representatives on Saturday and U.S. President Joe Biden has said he will sign it into law on...
Legislation forcing ByteDance to sell TikTok or face a ban in the US has passed the House and is headed for a vote in the Senate Source