
The U.S. House of Representatives has passed a bill that could force TikTok to sever ties with its Chinese parent company, ByteDance, or face a ban from operating in the United States. The bill, now heading to the U.S. Senate, aims to address concerns over TikTok's connections to the Chinese Communist Party, as indicated by American lawmakers' increasing willingness to ban the app, writes JoshKurlantzick. If passed in its current form and signed by President Biden, the legislation would not only potentially cut off U.S. users' access to TikTok within six months, disappointing its primarily young viewership but also pressure corporate and personal relationships crucial to U.S. national security, particularly collaborations between Chinese and U.S. tech entrepreneurs. The situation underscores the challenges and lessons in cross-border tech regulation and deals, highlighting the need for CFIUS approval in such transactions.
Analysis: The potential TikTok ban in the US is a lesson to parties doing cross-border tech deals to aim for CFIUS approval at any stage. https://t.co/5lNHvlTUD1
“The TikTok bill is a response to a real risk in the U.S. digital ecosystem. But if the Senate passes the legislation and President Biden signs it, it will likely introduce new challenges to tech regulation.” https://t.co/sGqDhDHf9z
“If it is passed in its current form, the so-called TikTok bill will put pressure on corporate and personal relationships that are vital in their own way to U.S. national security—the collaborations between Chinese and U.S. tech entrepreneurs.” https://t.co/8rWvvPg38G






