#bytedance-divestment

#bytedance-divestment

The US passed legislation to potentially ban TikTok if ByteDance doesn't divest, impacting its future and the food industry significantly. [ more ]

Foreign aid package includes ban on TikTok if ByteDance doesn't divest within a year. [ more ]

A proposed bill includes a modified TikTok ban, requiring ByteDance to divest in 270 days or possibly up to a year.

Senate Commerce Chair Maria Cantwell supports the bill's extension of the divestment period for TikTok, giving more time for a potential buyer. [ more ]

Combining bills on foreign aid may expedite the approval of TikTok-related legislation in the Senate. [ more ]

Data privacy and security concerns are key reasons for the bill

The bill is aimed at requiring ByteDance to divest TikTok within six months. [ more ]

President Biden committed to signing a bill banning TikTok if it passes through Congress.

Bipartisan support for bill targeting TikTok due to concerns about data access by Chinese Communist Party. [ more ]