Presidential decree or official government announcement

Congress Set to Vote on TikTok Divestiture Bill April 20, Extends Sale Deadline

Apr 18, 2024, 04:55 PM

The U.S. Congress is advancing legislation that would require ByteDance to divest TikTok or face a ban, with the House fast-tracking the bill and incorporating it into a $95 billion foreign aid package to increase its chances of passing. The bill, which now includes a provision allowing the President to extend the divestment deadline by an additional 180 days, has gained key support from Senate Commerce Committee Chair Maria Cantwell. This support is crucial as the bill heads to the Senate, where it is expected to be voted on by April 20. ByteDance now has one year to complete the sale once the bill is signed into law.