Public announcements from TikTok, ByteDance, or the acquiring company

U.S. House Passes TikTok Divestiture Bill with 360-58 Vote

Apr 20, 2024, 03:34 PM

The U.S. House of Representatives has passed a bill that could lead to a nationwide ban on TikTok unless its Chinese parent company, ByteDance, divests its ownership stake. The bill, which has garnered significant support in Congress, is part of a broader legislative package that includes aid for Ukraine and Israel. It is now headed to the Senate, where it is expected to pass. President Joe Biden has indicated he will sign the bill into law. The legislation stipulates that ByteDance must sell TikTok within nine months, with the possibility of a one-year extension by the President. This move comes amid growing concerns over national security and data privacy related to the app's ties to China. The House passed the bill with a vote of 360-58.