The US is moving closer to restricting access to the popular video-sharing app TikTok, with Senate Intelligence Committee Chairman Mark Warner set to unveil a bill Tuesday that the Biden administration is poised to support, according to people familiar with the issue.
The measure, one of many being proposed in Congress to restrict Bytedance Ltd.’s TikTok but isn’t expected to pinpoint the company by name, would give the US the power to ban or prohibit foreign technologies or companies when necessary, said one of the people, who asked not to be identified discussing private deliberations.
The White House is likely to support the bill, as it would update and codify authorities granted to the Commerce Department through an existing executive order, issued under former president Donald Trump, to manage threats to information and communications technology, according to people familiar with the matter.
Source: Bloomberg
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