President Joe Biden has officially signed the bill that will ban TikTok unless ByteDance sells it off in the next nine months. The bill also contains funding for Ukraine, Israel, and Taiwan, and will introduce a series of sanctions on foreign adversaries.
The Senate voted 79 to 18 in favor of the bill late Tuesday.
Biden signs $95B Ukraine, Israel aid bill into law, hails ‘good day for world peace’ — but won’t say what it means for TikTok https://t.co/y8fde6SJFt pic.twitter.com/YjXoSw7Nd8
— New York Post (@nypost) April 24, 2024
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As Valuetainment previously reported, the House of Representatives passed the bill Saturday, greenlighting about $61 billion to Ukraine, $17 billion for Israel, $9 billion for humanitarian causes in Gaza, and $8 billion for Taiwan and other Indo-Pacific countries. The bill was rolled into four others, including the measure that will ban TikTok if it is not taken out of Chinese control.
The bill gives TikTok parent company ByteDance nine months to sell the platform before the ban takes effect. TikTok has already vowed that it will challenge the “unconstitutional” ban, and previously called on its users to complain to Congress in defense of the app.
Only 18 percent of teens support a TikTok ban. Additionally, Republicans are more likely to support a TikTok bank—although this number declined from 60 percent in March to 50 percent in October. Only 29 percent of registered Democrats said they would support a ban as of October.
The app is officially banned from US government phones due to its ability to collect data and potentially send it to the Chinese government. National security concerns about the Chinese Communist Party (CCP) collecting data is the primary reason behind the bill, which was originally named “the Protecting Americans from Foreign Adversary Controlled Applications Act.”
The new composite bill also contained motions to boost sanctions on Russia, China, Iran, and permits the US to sell seized Russian assets to contribute to Ukraine’s rebuilding efforts.
Watch Patrick’s appearance on CNBC’s “Squawk Box” where he discusses the ban:
What if ByteDance refuses to sell TikTok? 👇🏽
pic.twitter.com/xwQNMVUN2K— Patrick Bet-David (@patrickbetdavid) March 14, 2024
Shane Devine is a writer covering politics and business for VT and a regular guest on The Unusual Suspects. Follow Shane’s work here.
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