Legislation that could ban TikTok in the U.S. if its China-based owner doesn’t sell its stake won a major boost late Wednesday when House Republican leaders included it in a package of bills that would send aid to Ukraine and Israel. The bill could be law as soon as next week if Congress moves quickly. […]
A potential US ban against TikTok took a major step toward becoming reality on Saturday as House lawmakers approved a hot-button bill targeting the app as part of a wide-ranging aid package for Israel and Ukraine. The bipartisan vote of 360-58 marks the latest defeat for TikTok in Washington, as the embattled social media company with 170 million US users fights for survival under its current ownership by ByteDance, its Chinese parent company. The bill passed by the House this weekend closely...
UPDATE: The Senate passed legislation that will force ByteDance to divest TikTok of face a ban on app stores. The TikTok restrictions were part of a $95 billion national security package that includes aid to Ukraine, Israel and Taiwan. President Joe Biden plans to sign the bill. The vote was 79-18. In a statement, Biden […]
A major foreign aid package is about to get a vote in the Senate. The legislation passed in the House over the weekend and would send aid to Ukraine, Israel and Taiwan.
The Senate could pass the package as soon as Tuesday.
The Senate could pass the package as soon as Tuesday.
The bill represents the most serious threat yet to the video app used by
President Joe Biden signed a $95 billion foreign aid package into law on Wednesday, including almost $60 billion in aid to Ukraine that was previously stalled by hard-right Republicans who oppose the aid. The bill also included provisions that would require parent company ByteDance to divest from TikTok or the app would be banned from
Plus: Do bad reviews kill good companies? We'll talk about it, and do the numbers on noncompetes in this week's newsletter.
Moments ago, President Joe Biden held a press conference. Topics he
The $95 billion foreign aid package approved by the U.S. Congress provides military aid to Ukraine and Israel, replenishes U.S. weapons systems and gives humanitarian assistance to civilians in Gaza
In a bipartisan vote, the U.S. Senate has approved a potential ban on popular social media app TikTok and a long-awaited foreign aid package for Israel and war-torn Ukraine.The Senate passed the $95.3 billion bill—which also includes aid for Taiwan—by a vote of 79-18. The House on Saturday approved the bill's individual components following months of gridlock. President Joe Biden has indicated that he intends to swiftly sign the bill into law.The ContextWhile the Senate initially passed a very...