Tech
US House Passes Bill Potentially Banning TikTok
In a significant move, the US House of Representatives has approved a significant bill that could result in the banning of TikTok in the United States. This landmark legislation would compel ByteDance, the Chinese parent company of the popular social media app, to divest its controlling stake within six months, failing which the app would face a blockade in the US.
Bipartisan Support Amid Concerns Over Chinese Influence
Despite strong bipartisan support in the House, the bill must still navigate through the Senate and receive the president’s signature to become law. Lawmakers have voiced longstanding apprehensions regarding China’s sway over TikTok, intensifying the push for regulatory action.
Diplomatic Tensions and Legislative Impact
If passed by the Senate and signed into law by President Joe Biden, the bill’s enforcement could strain diplomatic relations with China. ByteDance would be compelled to seek approval from Chinese authorities for forced divestiture, a prospect Beijing has vowed to oppose vehemently.
TikTok CEO Warns of Dire Consequences
Lawmakers have long held concerns about China’s influence over TikTok, which is owned by Chinese company ByteDance, founded in 2012. The Beijing-based firm is registered in the Cayman Islands, and has offices across Europe and the US. Used by 170 million Americans, it is by far the most popular social media platform in the country. TikTok CEO Shou Zi Chew said in a video posted Wednesday the legislation if signed into law “will lead to a ban on TikTok in the United States… and would take billions of dollars out of the pockets of creators and small businesses. It will put 300,000 American jobs at risk.”
Chew has vehemently opposed the legislation, warning of dire consequences if implemented. He asserts that the bill could lead to a ban on the platform in the US, jeopardizing billions of dollars in revenue for creators and small businesses and putting hundreds of thousands of American jobs at risk.
Growing Political Momentum Against TikTok
The political momentum in favor of the bill is palpable, with President Biden signaling his support and White House national security adviser Jake Sullivan questioning the ownership of TikTok. Amid escalating tensions, Chinese companies face heightened scrutiny over data-sharing practices, further fueling concerns surrounding national security.
Reassurances from TikTok Amid Regulatory Scrutiny
Despite regulatory scrutiny, TikTok has sought to reassure stakeholders regarding data security measures. CEO Shou Zi Chew emphasized the company’s commitment to safeguarding user data and ensuring the platform remains impervious to external manipulation.
Uncertain Future for TikTok in the US
As legislative deliberations unfold, the fate of TikTok hangs in the balance. With geopolitical tensions shaping the regulatory landscape, the outcome of this bill could have far-reaching implications for both TikTok and the broader social media landscape.
Tech
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