House Passes Bill: ByteDance Must Sell TikTok in 9 Months, Vote 360-58

Apr 20, 2024, 05:24 PM

The U.S. House of Representatives has passed a bill that mandates ByteDance, the Chinese parent company of TikTok, to divest its ownership, with a significant majority vote of 360-58. This legislation, known as the 21st Century Peace Through Strength Act, includes other measures like the Repo Act, FEND Off Fentanyl Act, and sanctions, and is part of a broader package that includes aid for Ukraine and Israel. The bill stipulates that TikTok must be sold within nine months, an extension from the previously proposed six months, and allows for the seizure of Russian assets. The legislation is on a fast-track to becoming law, tied to the approval of foreign aid, and is expected to pass the Senate soon.