The new bill would give TikTok's Chinese parent company ByteDance 270 days from the date of enactment to divest from the app or face a U.S. ban, according to the proposed legislation. It would also give the president flexibility to offer a one-time extension of 90 days, ultimately possibly providing ByteDance up to a year to divest from the app, according to the bill.
Senate Commerce Chair Maria Cantwell endorsed the changes to the proposed TikTok ban and said Wednesday in a statement: 'I'm very happy that Speaker Johnson and House leaders incorporated my recommendation to extend the ByteDance divestment period from six months to a year. As I've said, extending the divestment period is necessary to ensure there is enough time for a new buyer to get a deal done. I support this updated legislation.'
[
add
]
[
|
|
...
]