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Biden signs TikTok bill into law, starting clock for ByteDance to divest
ByteDance has up to a year to sell TikTok and avoid a ban.
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. 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 allies, which effectively forced the Senate to consider the measures together.
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