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US house votes 352-65 to pass TikTok crackdown bill

by Tradinghow
March 13, 2024
in Forex News
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US house votes 352-65 to pass TikTok crackdown bill
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The US House of Representatives overwhelmingly passed a bill on Wednesday that would give TikTok‘s Chinese owner ByteDance about six months to divest the US assets of the short-video app used by about 170 million Americans or face a ban.

The bill passed 352-65, with bipartisan support, but it faces a more uncertain path in the Senate where some favor a different approach to regulating foreign-owned apps that could pose security concerns. Democratic Senate Majority Leader Chuck Schumer has not indicated how he plans to proceed.

TikTok‘s fate has become a major issue in Washington. Democratic and Republican lawmakers said their offices had received large volumes of calls from teenaged TikTok users who oppose the legislation, with the volume of complaints at times exceeding the number of calls seeking a ceasefire between Israel and Hamas in Gaza.

The measure is also the latest in a series of moves in Washington to respond to US national security concerns about China, from connected vehicles to advanced artificial intelligence chips to cranes at U.S. ports.

The vote comes just over a week since the bill was proposed following one public hearing with little debate, and after action in Congress had stalled for more than a year. Last month, President Joe Biden’s re-election campaign joined TikTok, raising hopes among TikTok officials that legislation was unlikely this year.

The House Energy and Commerce Committee last week voted 50-0 in favor of the bill, setting it up for a vote before the full House.





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