Connect with us

Hi, what are you looking for?

Webinar Expert TeamWebinar Expert Team

Tech News

Senate passes TikTok ban bill, sending it to President Biden’s desk

Graphic photo illustration of the TikTok logo in a stop sign overlayed on a photo of Congress.
Cath Virginia / The Verge | Photo by Brendan Hoffman, Getty Images

A bill that would force China-based company ByteDance to sell TikTok — or else face a US ban of the platform — is all but certain to become law after the Senate passed a foreign aid package including the measure.

It now heads to President Joe Biden, who already committed to signing the TikTok legislation should it make it through both chambers of Congress. The House passed the foreign aid package that includes the TikTok bill on Saturday.

Once signed by the president, ByteDance would have up to a year to complete a sale of TikTok or face an effective ban for the platform in the US. The bill gives ByteDance an initial nine months and gives the president discretion to extend it another three should there be progress toward a deal. Still,…

Continue reading…

You May Also Like

Editor's Pick

Clark Packard and Alfredo Carrillo Obregon Earlier this week, President Biden welcomed Japanese Prime Minister Kishida for an official visit and state dinner. As...

Editor's Pick

Colleen Hroncich Tarla Gernert grew up surrounded by educators—her mom, grandma, and aunt were all teachers. So it seemed natural to her to follow...

Editor's Pick

Toward the bottom of my Mindful Investor LIVE ChartList, there is a series of charts that rarely generate signals. So why would I include...

Editor's Pick

Over the previous week, the markets were expected to inch higher; however, at the same time, while it was expected that incremental highs may...

Copyright © 2024 WebinarExpertTeam.com All Rights Reserved.