TikTok Divest-or-Ban Bill Expected to Become US Law in Days
- US House ties provision to fast-moving Ukraine aid package
- Company would have more time to shed Chinese ownership
Shou Zi Chew testifying before the Senate Judiciary Committee in January.
Photographer: Kent Nishimura/BloombergThis article is for subscribers only.
The US House on Saturday put legislation forcing TikTok’s Chinese parent ByteDance Ltd. to divest its ownership stake on a fast track to become law, tying it to a crucial aid package for Ukraine and Israel.
A massive lobbying effort led by TikTok Chief Executive Officer Shou Chew failed to overcome a bipartisan coalition worried about the app’s collection of data on more than 170 million Americans — and the potential for the Chinese government to use it to disseminate propaganda.