• Home
  • Categories
  • News
  • Community
EN
EN
Home
CategoriesNewsGlossaryCommunity
Contact Us
Social Media
Region
🌏International
Region
🌏International
Contact
Home
/
News
/
Breaking News! The US House of Representatives passes a controversial bill targeting TikTok

Breaking News! The US House of Representatives passes a controversial bill targeting TikTok

TraderKnowsTraderKnows
2024-03-14
Summary:The United States passed an unreasonable bill against TikTok, mandating its parent company ByteDance to sell TikTok within 165 days or face a complete ban in the United States.

On Wednesday, March 13, the U.S. House of Representatives passed a bill imposing strict requirements on the short video app TikTok, owned by the Chinese company ByteDance. The bill was passed with 352 votes in favor and 65 against, giving ByteDance six months to divest TikTok. Otherwise, TikTok faces a comprehensive ban in the United States.

Named the "Protecting Americans From Foreign Adversary Controlled Applications Act," the bill received strong bipartisan support. It mandates that ByteDance must sell TikTok within six months to a buyer satisfactory to the U.S. government to ensure it is no longer controlled by ByteDance. Should an agreement not be reached, or if there’s a refusal to sell, major U.S. app stores or web hosting companies will not be allowed to offer TikTok for download or updates. The bill must be passed by the Senate and signed by President Biden to take effect.

TikTok, the international version of Douyin, has 170 million users in the United States, many of whom are young people, and thus has drawn significant attention. However, the app has been scrutinized by the U.S. government over national security concerns.

The White House once again expressed support for this bill and urged the Senate to act quickly. White House spokesperson Karine Jean-Pierre was pleased with the bill's passage and looked forward to prompt Senate action. She stated that the White House would provide technical support during the Senate proceedings.

Democratic President Joe Biden and his administration have expressed concerns about TikTok's impact on national security but are also actively supporting the bill. If the bill passes both the House and Senate, Biden will sign it into law.

In response, TikTok issued a statement criticizing the House’s voting process as lacking transparency and calling the bill a ban. They hope the Senate will fully consider the facts, listen to voters, and recognize the potential impact of the bill on the economy, 7 million small businesses, and 170 million American users.

tiktok声明

Asked for comment, Chinese Foreign Ministry spokesperson Wang Wenbin stated that the U.S. has so far failed to provide evidence of TikTok threatening national security, yet continues to suppress the app. This unfair competition and bullying disrupt normal business operations, undermine international investors' confidence in the investment environment, disrupt international economic and trade order, and ultimately harm U.S. interests.

SKYPE 图

公众号2

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End
Previous
Next

Comments

0/1000

You Missed

Why are fewer and fewer people trading? Perhaps this article can provide you with the answer.

Why are fewer and fewer people trading? Perhaps this article can provide you with the answer.

According to data provided by brokers, 40% of traders give up trading after one month, and only 7% remain active after five years.

亚伦_TK_LOXmv
亚伦_TK_LOXmv
2024-06-04
Investment
Investment
2024-06-04
U.S. elections and Middle East conflict boost uncertainty, driving gold prices higher.

U.S. elections and Middle East conflict boost uncertainty, driving gold prices higher.

With the US election nearing and Middle East tensions rising, risk aversion keeps gold prices high as markets watch Fed rate decisions and US economic data.

TraderKnows
TraderKnows
2024-10-30
Foreign Exchange Trading
Foreign Exchange Trading
2024-10-30
Indonesia's central bank to continue forex intervention, rupiah to strengthen next year.

Indonesia's central bank to continue forex intervention, rupiah to strengthen next year.

Recently, the Governor of the Bank of Indonesia, Perry Warjiyo, publicly stated that they will continue to intervene in the foreign exchange market to stabilize the rupiah.

TraderKnows
TraderKnows
2024-06-05
Foreign Exchange Trading
Foreign Exchange Trading
2024-06-05
Theo Broker Review:High Risk(Suspected Fraud)

Theo Broker Review:High Risk(Suspected Fraud)

Theo (Theo Technology Co., Ltd) is an online forex trading platform. This article evaluates Theo from perspectives like corporate entity, domain registration, regulatory licenses, staff, software, and trade types.

TraderKnows
TraderKnows
2024-05-14
Pig Butchering Scam
Pig Butchering Scam
2024-05-14
Is Opixtech a legitimate forex company? Are the high returns of Opix Algo real?

Is Opixtech a legitimate forex company? Are the high returns of Opix Algo real?

No matter how well Opixtech and Chen De disguise their forex funding scheme, they can't conceal its true nature as a Ponzi scheme.

TraderKnows
TraderKnows
2024-05-10
Ponzi Scheme
Ponzi Scheme
2024-05-10

Wiki

Qualified Foreign Institutional Investor

Qualified Foreign Institutional Investor (QFII) refers to a foreign institutional investor that meets the requirements and qualifications set by the China Securities Regulatory Commission and has obtained the qualification to invest in China's securities, futures, or other markets.

Recent Post

Trump Invokes Defense Production Act with 850 Million USD for Coal Power to Meet AI Demand

11 hours ago

NY Fed Index Shows High Supply Chain Pressures as Geopolitical Conflicts Raise Global Inflation Con…

11 hours ago

Japan's Real Wages Rise for Fourth Consecutive Month, Fueling June BOJ Rate Hike Bets

11 hours ago

China Flexible Employment Exceeds 300 Million as Blue-Collar Wage Growth Outpaces White-Collar for…

11 hours ago

South Korean Stocks Post Steepest Weekly Drop Since March as Tech Valuations Reset

11 hours ago

China Commercial Paper Rates Drop in Early June Amid Rising Bank Demand

11 hours ago

UK House Prices Unexpectedly Fall in May as Geopolitical Tensions Push Up Borrowing Costs

11 hours ago

Massive Intervention Fails to Save Yen as Short Positions Surge Near Historic Lows

11 hours ago

AI Momentum Pauses as Broadcom Outlook Misses High Expectations; Markets Await Payrolls

11 hours ago

SpaceX Launches 75B USD IPO Roadshow as Access Blocked in Mainland China and Hong Kong

12 hours ago

Global Gold ETFs See $2 Billion Outflows in May as Capital Pivots to Tech Assets

12 hours ago

Nikkei Drops Over 1% on Tech Sector Pullback While Real Wage Growth Provides Support

12 hours ago

South Korea Lifts Mandatory Reporting for Crypto Transfers Over 10M Won

12 hours ago

Amundi Says Asian AI Stocks Supported by Fundamentals as Fed Path Poses Key Risk

12 hours ago

Taiwan Stocks Close 1.33% Lower on Broadcom Drop But Hold Key Technical Support

12 hours ago

You Missed

Why are fewer and fewer people trading? Perhaps this article can provide you with the answer.

Why are fewer and fewer people trading? Perhaps this article can provide you with the answer.

According to data provided by brokers, 40% of traders give up trading after one month, and only 7% remain active after five years.

亚伦_TK_LOXmv
亚伦_TK_LOXmv
2024-06-04
Investment
Investment
2024-06-04
U.S. elections and Middle East conflict boost uncertainty, driving gold prices higher.

U.S. elections and Middle East conflict boost uncertainty, driving gold prices higher.

With the US election nearing and Middle East tensions rising, risk aversion keeps gold prices high as markets watch Fed rate decisions and US economic data.

TraderKnows
TraderKnows
2024-10-30
Foreign Exchange Trading
Foreign Exchange Trading
2024-10-30
Indonesia's central bank to continue forex intervention, rupiah to strengthen next year.

Indonesia's central bank to continue forex intervention, rupiah to strengthen next year.

Recently, the Governor of the Bank of Indonesia, Perry Warjiyo, publicly stated that they will continue to intervene in the foreign exchange market to stabilize the rupiah.

TraderKnows
TraderKnows
2024-06-05
Foreign Exchange Trading
Foreign Exchange Trading
2024-06-05
Theo Broker Review:High Risk(Suspected Fraud)

Theo Broker Review:High Risk(Suspected Fraud)

Theo (Theo Technology Co., Ltd) is an online forex trading platform. This article evaluates Theo from perspectives like corporate entity, domain registration, regulatory licenses, staff, software, and trade types.

TraderKnows
TraderKnows
2024-05-14
Pig Butchering Scam
Pig Butchering Scam
2024-05-14
Is Opixtech a legitimate forex company? Are the high returns of Opix Algo real?

Is Opixtech a legitimate forex company? Are the high returns of Opix Algo real?

No matter how well Opixtech and Chen De disguise their forex funding scheme, they can't conceal its true nature as a Ponzi scheme.

TraderKnows
TraderKnows
2024-05-10
Ponzi Scheme
Ponzi Scheme
2024-05-10

Risk Warning

TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.