Categories: Business

Lawmakers’ Reasons for Wanting to Pass Legislation and When it Could Take Effect

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The fate of TikTok in the U.S. hangs in the balance after the House of Representatives approved a bill that gives its parent company, ByteDance, two options: sell the popular app to an approved buyer or face a ban. The bill is expected to be approved in the Senate, with President Joe Biden signaling his support.

However, the road to a potential TikTok ban is a long and uncertain one. ByteDance would have nine months to divest and find an American buyer for TikTok once the bill is signed into law, with the possibility of extensions. If ByteDance challenges the statute in court, the ban could be delayed until 2026.

While some potential buyers have shown interest in acquiring TikTok, ByteDance is unlikely to agree to any sale, especially without its powerful recommendation algorithm. The Chinese government has also expressed concerns about selling TikTok, citing national security reasons.

Despite the uncertainty surrounding TikTok’s future in the U.S., most users have a presence on other platforms and could easily migrate if the app is banned. Analysts predict that platforms like Instagram, Facebook, YouTube, and Snapchat could benefit from TikTok’s potential exit from the U.S. market.

Lawmakers cite national security concerns and fears of Chinese influence as reasons for the drastic step to potentially ban TikTok. The bipartisan support for the bill reflects growing anxiety about the app’s ties to the Chinese Communist Party and its impact on American users.

The rapid movement of the TikTok bill through Congress was spurred by a larger foreign aid package, forcing the Senate to act quickly. The ultimate impact of a TikTok ban remains uncertain, but the app’s future in the U.S. hangs in the balance as legal and political battles loom ahead.

Team@GQN.

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