White House wants TikTok to divest from parent company to avoid ban

By 
 March 18, 2024

The White House is supporting the congressional bill to ban TikTok in the U.S. unless it divests from Chinese parent company ByteDance, but top adviser John Kirby said Sunday that he hopes it won't come to a ban.

"I want to stress again, over and over, that this isn't about a ban," Kirby told Martha Raddatz on "This Week." "We don't want to see a ban on TikTok. We understand there's a lot of people whose economic life relies on it."

ByteDance opposes the legislation and has pooh-poohed the security concerns that prompted it.

"We want to see divestiture from this Chinese company because we are concerned, as every American ought to be concerned, about data security and what ByteDance and what the Chinese Communist Party can do with the information they can glean off of Americans' use of the application," Kirby said.

Slowing in Senate

"We want to see divestiture from this Chinese company because we are concerned, as every American ought to be concerned, about data security and what ByteDance and what the Chinese Communist Party can do with the information they can glean off of Americans' use of the application," Kirby said.

While the bill moved quickly in the House and passed 325-65 with overwhelming support, the process is bound to be much slower in the Senate, where several senators have their own bills to deal with TikTok and other priorities may be deemed more important.

Majority Leader Chuck Schumer (D-NY) is in the process of deciding if and when he wants to bring the House bill to the floor, so everything is kind of up in the air at the moment.

Once some egos are stroked, however, the Senate may not be able to deny the push from the House and the White House to pass a bill that everyone can agree on.

It's somewhat rare these days to find that kind of agreement, so it would be ridiculous not to pass the bill into law.

Six months to divest

Once passed and signed, the House bill gives TikTok six months to divest fully from ByteDance or face a ban in the U.S.

In the U.S., TikTok has over 102 million active users monthly, and 150 million users overall.

It is the fastest-growing social medial app in the world with 1 billion users worldwide.

In 2020, the last year figures were available, TikTok generated more than $33 billion in revenue. Top influencers made $3-5 million each on the site.

As of 2021, more than 7 million Americans made money creating content on a social media platform, and that number has no doubt risen since then. With TikTok being the fourth-largest social media platform, a ban would affect the livelihoods of at least a million content creators at a time when the economy is not so great.

" A free people [claim] their rights, as derived from the laws of nature."
Thomas Jefferson
© 2015 - 2024 Conservative Institute. All Rights Reserved.