Connect with us

Hi, what are you looking for?

Webinar Expert TeamWebinar Expert Team

Tech News

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it

Photo collage of the TikTok logo over a photograph of the US Capitol building.
Cath Virginia / The Verge | Photo from Getty Images

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year.

The divest-or-ban bill is now law, starting the clock for ByteDance to make its move. The company has an initial nine months to sort out a deal, though the president could extend that another three months if he sees progress.

While just recently the legislation seemed like it would stall out in the Senate after being passed as a standalone bill in the House, political maneuvering helped usher it through to Biden’s desk. The House packaged the TikTok bill — which upped the timeline for divestment from the six months allowed in the earlier version — with foreign aid to US…

Continue reading…

You May Also Like

Editor's Pick

In the truncated week, the markets largely wore a corrective look as the key indices lost ground during the week. In the previous technical...

Editor's Pick

Walter Olson Two legal developments in the prosecutions of of former President Donald Trump have understandably commanded widespread attention in recent days, the start...

Editor's Pick

Good morning and welcome to this week’s Flight Path. The equity “Go” trend is over. We saw a pink “NoGo” bar following an amber “Go Fish”...

Editor's Pick

Colleen Hroncich Like many education entrepreneurs, Nicolette Siebert is a mom who was a classroom teacher before she created her own learning community. Her son started...

Copyright © 2024 WebinarExpertTeam.com All Rights Reserved.