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- New TikTok ban bill passes in House, expected to become law this week, as TikTok preps to challenge it
New TikTok ban bill passes in House, expected to become law this week, as TikTok preps to challenge it
Bay Area Times
April 22, 2024
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All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. New TikTok ban bill passes in House, expected to become law this week, as TikTok preps to challenge it
84% of the House voted in favor:
360 days (90 of which subject to a presidential waiver) for ByteDance to divest TikTok, or else face a ban.
Vs. 180 days in the previous bill.
“We will move to the courts for a legal challenge,” wrote TikTok’s head of public policy for the Americas, Michael Beckerman, in a memo to TikTok’s U.S. staff.
First Amendment arguments would likely be the main reason.
TikTok’s general counsel is expected to step down, even as the company denies it is doing so immediately.
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3. $95B Ukraine, Israel, Taiwan aid approved by House
