May 22, 2024

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A bill to ban TikTok in the United States has been approved overwhelmingly

A bill to ban TikTok in the United States has been approved overwhelmingly

the Parliament It was approved overwhelmingly invoice Who will ban it Tik Tok in United StateUnless its Chinese owner sold it.

The ban was approved by a vote on a $95 billion foreign aid package to Ukraine, Israel and Taiwan, and received relatively little attention.

The TikTok bill was approved by a vote of 360 to 58. Inside the 184-page sanctions bill is a provision that would force TikTok's Chinese parent company ByteDance to sell its stake in the popular video platform to a US-based entity within a year or face a ban. Specifically, it gives ByteDance nine months to appoint and gives the president the option to opt for a three-month extension.

TikTok is used by about 150 million Americans, and there are growing concerns among lawmakers about the influence its Chinese owners have on the company. Lawmakers have raised national security and data privacy concerns with TikTok. Supporters of the social media app have questioned the constitutionality of restricting Americans' free speech rights.

In recent months, TikTok has made headlines for promoting Osama bin Laden and urging young users to choke each other. Wall Street was interested in who could buy TikTok in the event of a forced sale of shares by Chinese owner ByteDance. Microsoft, Meta, Apple and Oracle have been touted as potential suitors. Rumble, a YouTube competitor geared toward free expression, has also been discussed as a potential buyer.

One obstacle is the sheer size of the market. The social networking company was previously valued at up to $50 billion.

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In March, the House of Representatives passed a similar bill on TikTok, which passed by a broad bipartisan majority. However, those efforts have faltered in the Democratic Senate, where Majority Leader Chuck Schumer has so far refused to bring the measure to a vote. The Senate leader said he would eventually take up the issue.