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Lawmakers seek to force ByteDance to divest TikTok or face US ban

Economic Times

Economic Times · 1y ago

Lawmakers seek to force ByteDance to divest TikTok or face US ban

A bipartisan group of U.S. lawmakers has introduced legislation that gives TikTok's parent company, ByteDance, six months to sell the popular short video app or face a ban in the United States. The bill aims to address national security concerns associated with the Chinese ownership of TikTok. If passed, it would make it illegal for app stores to offer TikTok or for web hosting services to support ByteDance-controlled applications. The legislation is expected to face opposition due to concerns over free speech rights and the app's popularity. In the past, similar efforts to ban TikTok have been blocked or unsuccessful.

Related News

US to decide on TikTok ban next week: Here's what you need to know

Economic Times

Economic Times · 1y ago

US to decide on TikTok ban next week: Here's what you need to know

The US House of Representatives is set to vote on a bill that would force TikTok's owner, ByteDance, to divest the popular video-sharing app within 180 days or face a ban in the country. The legislation would also give the US president the power to designate apps as national security risks and impose restrictions or bans. TikTok has criticized the bill, calling it an "outright ban" that would infringe on free speech rights. The company has also assured users that their data is stored separately and independently from ByteDance. Previous attempts to ban TikTok by former President Donald Trump were blocked.

US Senator says TikTok divestiture deadline could be extended to one year

Economic Times

Economic Times · 1y ago

US Senator says TikTok divestiture deadline could be extended to one year

Lawmakers in the US may extend the deadline for TikTok's parent company, ByteDance, to divest the video-sharing app. The US House of Representatives has already voted in favor of giving ByteDance about six months to sell off TikTok's US assets or face a ban. Senate Commerce Committee chair Maria Cantwell suggested extending the deadline to one year, a move that could put the potential ban into 2025. The concerns over TikTok stem from worries about national security and data privacy, but TikTok denies any wrongdoing and maintains it has never shared US user data with China.

Perplexity AI submits bid to merge with TikTok

TechCrunch · 10m ago

Perplexity AI submits bid to merge with TikTok

Perplexity AI has submitted a bid to merge with TikTok US amid potential bans in the US, suggesting a new entity with TikTok US and new equity partners. ByteDance investors could retain their equity. The potential law could force ByteDance to sell or face a ban by January 19. President Trump may grant a 90-day extension, but TikTok might face shutdown without Biden administration assurances. ByteDance insists it won't sell TikTok despite multiple buyer interests.

US House overwhelmingly passes TikTok ban bill

Economic Times

Economic Times · 1y ago

US House overwhelmingly passes TikTok ban bill

The US House of Representatives has passed a bill that could force TikTok to divest from its Chinese owner, ByteDance, or face a ban in the United States. The legislation gained bipartisan support and threatens the popular video-sharing app's future in the country. However, the fate of the bill remains uncertain as it moves to the Senate, where some lawmakers are hesitant about taking such drastic action against an app with 170 million US users. The bill also grants the president the power to designate other applications as national security threats. TikTok's parent company has 180 days to sell the app or risk being barred from app stores in the US.

What happens next for TikTok after court ruling against it?

Economic Times

Economic Times · 11m ago

What happens next for TikTok after court ruling against it?

A US federal appeals court upheld a law requiring China-based ByteDance to divest TikTok in the United States by January 19, 2023, or face a ban. TikTok and ByteDance had sued to block the law, citing free speech concerns, but the court ruled in favor of the government due to national security considerations. The ruling could still be appealed to the Supreme Court. If the ban takes effect, US tech companies allowing users to access TikTok could face fines. The Chinese government's approval would be needed for divestment of TikTok's recommendation algorithm.

US Senator says TikTok divestiture deadline could be extended to one year

Reuters · 1y ago

US Senator says TikTok divestiture deadline could be extended to one year

The chair of the U.S. Senate Commerce Committee, Maria Cantwell, has suggested extending the proposed deadline to force TikTok's parent company, ByteDance, to divest the app used by 170 million Americans. The U.S. House of Representatives previously voted to give ByteDance about six months to divest TikTok's U.S. assets or face a ban. Cantwell said she likes the idea of extending the deadline to one year but noted that senators want to make the bill stronger. TikTok has been a contentious issue due to national security concerns.

US courts may take note of India’s stance on TikTok: FCC chief Brendan Carr

Economic Times

Economic Times · 1y ago

US courts may take note of India’s stance on TikTok: FCC chief Brendan Carr

India's early ban on TikTok could have implications for the legal battle the company faces in the United States. TikTok's Chinese parent company, ByteDance, is expected to challenge the US move to ban the video-hosting service. The recent directive from US President Joe Biden requires ByteDance to divest ownership of TikTok or face a ban within the next nine to 12 months. ByteDance has stated that it does not plan to sell the app, with TikTok's CEO arguing that the facts and the US Constitution are on their side. Federal Communications Commission (FCC) commissioner Brendan Carr believes that India's actions against TikTok could play a role in the US litigation, potentially showing that the concern about TikTok extends beyond the US alone.

TikTok faces US ban after appeals court refuses to block law | Company Business News

Livemint

Livemint · 11m ago

TikTok faces US ban after appeals court refuses to block law | Company Business News

A US federal appeals court has upheld a law requiring ByteDance, the Chinese company that owns TikTok, to sell or divest its US assets by January 19, 2023, or face a ban in the country. The decision is a major blow to ByteDance and TikTok, and increases the likelihood of a ban on the popular social media app used by 170 million Americans. The court ruled that the law was designed to counter a national security threat posed by China and that it was not in violation of Americans' free speech rights.

Senate Republican leader backs legislation to force Chinese divestment of TikTok

Economic Times

Economic Times · 1y ago

Senate Republican leader backs legislation to force Chinese divestment of TikTok

US Senate Republican Leader Mitch McConnell is pushing for legislation that would require China's ByteDance to divest TikTok due to security concerns. The US House of Representatives has already voted in favor of the divestment, giving ByteDance six months to comply or face a ban. Senate Commerce Committee Chair Maria Cantwell is working on a game plan with Senate Democratic Leader Chuck Schumer and Senate Intelligence Committee Chair Mark Warner. TikTok argues that a ban would violate the First Amendment rights of its 170 million American users and insists it has never shared US data.

Chuck Schumer says US Senate can make progress on TikTok bill

Economic Times

Economic Times · 1y ago

Chuck Schumer says US Senate can make progress on TikTok bill

Senate Democratic Leader Chuck Schumer has outlined a busy agenda for lawmakers returning from recess, highlighting the opportunity for progress on TikTok legislation. The US House of Representatives previously voted to give TikTok's Chinese owner, ByteDance, six months to divest the platform's US assets or face a ban. Schumer's statement did not provide a specific stance on TikTok but emphasized potential bipartisan bills on various topics such as children's online safety, rail safety, low-income internet subsidies, cannabis banking, and countering China. Despite no immediate action planned for TikTok, discussions on next steps continue among senators. The fate of TikTok has gained significant attention in Washington due to concerns about national security and user data privacy.

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