TikTok ban bill passed by House of Representatives, while TikTok appeals to ``contribute $24 billion to the American economy''
The US House of Representatives passed the ``
TikTok ban moves forward as House passes bill; fight shifts to Senate
https://www.cnbc.com/2024/03/13/house-passes-bill-that-could-lead-to-a-tiktok-ban-fight-shifts-to-the-senate.html
Live updates: House passes bill that could lead to US ban of TikTok
https://edition.cnn.com/politics/live-news/tiktok-ban-bill-house-vote-03-13-24/index.html
China says TikTok ban would 'come back to bite' the US - BBC News
https://www.bbc.com/news/world-us-canada-68554075
Oxford Economics Reports: TikTok Contributed $24 Billion to US Economy in 2023 | TikTok Newsroom
https://newsroom.tiktok.com/en-us/tiktok-economic-impact-report-2024-smb
The ``Protecting Americans from Applications Controlled by Foreign Adversaries Act'' was introduced on Tuesday, March 5, 2024. , banning them from using their app stores and web hosting services in the United States unless they sever ties with the adversary.' The bill cites TikTok, operated by the Chinese company ByteDance, as an example of an ``application under the control of a foreign adversary,'' and has attracted attention as a bill that essentially bans TikTok.
A bill to punish app stores that host TikTok appears - GIGAZINE
Naturally, TikTok has shown its opposition to the bill, and immediately after the bill was introduced, a notice saying 'Call Congress to oppose the regulatory law' was displayed on the TikTok app screen, and calls flooded in. As a result, the telephone lines at the National Diet Building were disrupted . However, TikTok's response resulted in a backlash in Congress, and on Thursday, March 7, 2024, the House Energy and Commerce Committee unanimously voted 50-0 to 'promote the bill.' Approved. Furthermore, the next day, President Joe Biden expressed his support for the bill, saying, ``If it passes, I intend to sign this bill.''
The bill was then debated in the House of Representatives on Wednesday, March 13, 2024, and passed with a vote of 352 to 65. The breakdown of the votes against the bill was 50 for Democrats and 15 for Republicans.
The bill ``requires ByteDance to sell TikTok and TikTok-related applications within 165 days of enactment,'' and ``if an app store continues to distribute ``an application under the control of a foreign adversary,'' It includes a provision that will impose a fine on the app store of $5,000 for each American user who ``accessed and updated'' the application, and attention is focused on how ByteDance and the app distribution platform will respond in the future.
On the other hand, TikTok posted on Thursday, March 14, 2024, ``TikTok contributed 24.2 billion dollars (approximately 3.57 trillion yen) to the US GDP in 2023 alone'' and ``TikTok contributed 224,000 million dollars to US GDP in 2023 alone.'' The company publishes research results such as ``A huge number of jobs were created'' and emphasizes its contribution to the American economy.
In addition, prior to the House of Representatives vote, Chinese Foreign Ministry Spokesperson Wang Wenbin said, ``We have found no evidence that TikTok threatens national security,'' and ``This kind of behavior that obstructs fair competition is a normal business activity for companies.'' 'It will undermine the confidence of international investors and undermine the normal international trade order. Ultimately, this will reflect back on America itself,' he said.
Regarding TikTok, on Monday, March 11, 2023, Donald Trump said, ``Facebook would be bigger without TikTok. I believe Facebook is the enemy of the people.'' It has also become a hot topic that he has taken a defensive stance.
Donald Trump says ``banning TikTok will give power to Facebook, the enemy of the people'' - GIGAZINE
It has also been reported that Bobby Kotick , who previously served as CEO of Activision Blizzard, is considering acquiring TikTok.
It is reported that the former CEO of Activiision Blizzard is considering acquiring TikTok - GIGAZINE
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