The House passed legislation to ban TikTok in the U.S. if its Chinese owner doesn't sell its stake within a year. The bill's fast-tracking was part of a larger foreign aid package, emphasizing national security concerns about Chinese-owned ByteDance Ltd.
If the law passes, TikTok would have up to a year to find a buyer and may challenge it in court, potentially delaying or blocking the ban. The company lobbied against the legislation, facing pushback from Congress.
TikTok CEO reassured users that they would continue fighting for the platform. The bill's progression is notable for its focus on a single company and the expedited legislative process.
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