The bill would force ByteDance, the Chinese company that owns TikTok, to either sell its American holdings to a U.S. company or face a ban in the country.
The U.S. government moved closer to banning the video social media app TikTok due to concerns that it could be used by the Chinese government for intelligence gathering and political influence.
Proponents of the legislation argue that restricting TikTok is justified as China also restricts U.S.-based social media networks, and the U.S. already limits foreign ownership of important media networks.
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