Under the proposed bill, Chinese-owned TikTok may be forced to sell to American ownership to prevent user data from being accessed by China for political purposes.
President Biden expressed readiness to approve the bill if it reaches him, highlighting the bipartisan support for addressing national security issues related to social media apps.
The bill's passage in the House would ensure funding for Israel, Ukraine, Taiwan, and the TikTok related measure, increasing the likelihood of Senate approval.
Despite potential passage, TikTok would have nearly a year to plan its divestment strategy and negotiate with a U.S. buyer.
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