US Senate Republican Leader Mitch McConnell has made a significant call for legislation that would require the parent company of TikTok, ByteDance, a China-based firm, to divest the popular short video app. This move comes amid growing concerns over national security and the influence of Beijing on the platform, which boasts a user base of 170 million Americans.
According to Reuters, McConnell emphasized the constitutional precedent for such an action, stating, “Requiring the divestment of Beijing-influenced entities from TikTok would land squarely within established constitutional precedent.” He further highlighted the potential threat to America’s children, describing TikTok as a tool through which “America’s greatest strategic rival is threatening our security right here on US soil in tens of millions of American homes.”
The call for divestment follows a decisive vote in the US House of Representatives on March 13, which saw a 352-65 majority in favor of giving ByteDance approximately six months to divest the US assets of TikTok or face a potential ban.
Related: EU Considers Adding X, TikTok-Owner Bytedance, and Booking to Digital Antitrust Regulations
Senate Commerce Committee Chair Maria Cantwell has indicated that discussions are underway with Senate Democratic Leader Chuck Schumer and Senate Intelligence Committee chair Mark Warner to formulate a strategy on proceeding with TikTok legislation. Schumer, while not specifying a stance on TikTok, mentioned that progress on bipartisan bills, including measures concerning TikTok, is anticipated in the near future.
Cantwell highlighted the importance of developing tools to prevent foreign actors from engaging in activities that could harm U.S. citizens. Meanwhile, the debate over TikTok’s future has intensified in Washington, with lawmakers receiving an influx of calls from users opposing the legislation.
TikTok, on its part, has defended its position, arguing that a ban would infringe upon the First Amendment rights of its 170 million American users. The company has consistently maintained that it has never shared US user data with the Chinese government and has no intention of doing so.
Source: Reuters
Featured News
Big Tech Braces for Potential Changes Under a Second Trump Presidency
Nov 6, 2024 by
CPI
Trump’s Potential Shift in US Antitrust Policy Raises Questions for Big Tech and Mergers
Nov 6, 2024 by
CPI
EU Set to Fine Apple in First Major Enforcement of Digital Markets Act
Nov 5, 2024 by
CPI
Six Indicted in Federal Bid-Rigging Schemes Involving Government IT Contracts
Nov 5, 2024 by
CPI
Ireland Secures First €3 Billion Apple Tax Payment, Boosting Exchequer Funds
Nov 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Remedies Revisited
Oct 30, 2024 by
CPI
Fixing the Fix: Updating Policy on Merger Remedies
Oct 30, 2024 by
CPI
Methodology Matters: The 2017 FTC Remedies Study
Oct 30, 2024 by
CPI
U.S. v. AT&T: Five Lessons for Vertical Merger Enforcement
Oct 30, 2024 by
CPI
The Search for Antitrust Remedies in Tech Leads Beyond Antitrust
Oct 30, 2024 by
CPI