By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Congress approves bill banning TikTok unless Chinese owner ByteDance sells platform
News

Congress approves bill banning TikTok unless Chinese owner ByteDance sells platform

News Room
Last updated: 2024/04/23 at 11:36 PM
By News Room
Share
4 Min Read
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

US app stores will be banned from carrying TikTok in 270 days unless its Chinese owner sells the video-sharing platform after Congress passed a security package that includes measures to counter threats from China.

The Senate on Tuesday voted 79-18 to approve the legislation, firing the starting gun for ByteDance to divest TikTok to avoid the ban. TikTok is expected to bring legal action in an effort to block the legislation after a lobbying campaign failed to dent Congressional support for the bill.

President Joe Biden has pledged to sign the $95bn package passed by the Senate, which includes funding for Ukraine, Israel and Taiwan. His team helped draft the TikTok language with members of the House China committee, which introduced the bill last month.

Banning TikTok from stores would mean the app would no longer receive updates, making it increasingly difficult to use as operating systems evolve and eventually rendering it obsolete.

The bill rapidly gained traction after briefings from security officials who warned that Beijing could force ByteDance to hand over the personal data of the 170mn Americans who use the app.

The House passed the bill last month, but it faced hurdles in the Senate over concerns about free speech. In a move that helped fast-track the measure, Republican House Speaker Mike Johnson bundled it with funding for Ukraine, creating a package that most senators would be very unlikely to oppose.

Speaking in the Senate earlier on Tuesday, Maria Cantwell, the Democratic head of the commerce committee who previously had reservations about the bill, urged her colleagues to back it.

“Congress is acting to prevent foreign adversaries from conducting espionage, surveillance blind operations, harming vulnerable Americans our servicemen and women and our US government personnel,” she said.

TikTok has denied that the Chinese government has any control over the app. But Mark Warner, the Democratic chair of the Senate intelligence committee, on Tuesday said the fact that the Chinese government had lobbied members of Congress on the bill indicated “how dearly [Chinese president] Xi Jinping is invested in this product”.

Senators also urged younger Americans to understand that Congress was trying to protect them and not trying to ban the popular app.

“Many Americans, particularly young Americans, are rightfully sceptical,” Warner said. “At the end of the day, they’ve not seen what Congress has seen. They’ve not been in the classified briefings that Congress has held, which have delved more deeply into some of the threat posed by foreign control of TikTok.”

The Trump administration previously tried to ban TikTok, but the company blocked the move in the courts. The Biden administration and Congress hope that the new bill will have a better chance of withstanding legal scrutiny.

“The House vote underscores the fading influence of China’s corporate champions in Washington,” said Craig Singleton, a China expert at the Foundation for Defense of Democracies. “TikTok’s loss, despite its massive lobbying machine, sets a troubling precedent for other Chinese companies seeking to stave off regulation, such as drone manufacturer DJI.”

Most China experts in Washington do not think Beijing will let ByteDance hand over the algorithm that has made the app so successful, raising the spectre of the end of TikTok’s presence in the US, unless it succeeds in court.

   

Read the full article here

News Room April 23, 2024 April 23, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Former Intel CEO explains why the Trump administration is taking a stake in his chip startup

Watch full video on YouTube

Waymo Leads The 2025 Robotaxi Surge As Zoox Expands And Tesla Races To Catch Up

Watch full video on YouTube

Allspring Income Plus Fund Q3 2025 Commentary (Mutual Fund:WSINX)

Allspring is a company committed to thoughtful investing, purposeful planning, and the…

Pope Leo’s pick to lead New York Catholics signals shift away from Maga

As archbishop of New York for the past 16 years, Cardinal Timothy…

Coca-Cola earnings tops estimates, CFO talks pricing, the consumer, and global demand

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

Allspring Income Plus Fund Q3 2025 Commentary (Mutual Fund:WSINX)

By News Room
News

Pope Leo’s pick to lead New York Catholics signals shift away from Maga

By News Room
News

Why bomb Sokoto? Trump’s strikes baffle Nigerians

By News Room
News

Pressure grows on Target as activist investor builds stake

By News Room
News

Mosque bombing in Alawite district in Syria leaves at least 8 dead

By News Room
News

EU will lose ‘race to the bottom’ on regulation, says competition chief

By News Room
News

Columbia Short Term Bond Fund Q3 2025 Commentary (Mutual Fund:NSTRX)

By News Room
News

Franklin Mutual International Value Fund Q3 2025 Commentary (MEURX)

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?