Deborah Mayer holds one of the luxury handbags she sells on TikTok, Wednesday, March 21, 2024, in Freehold, N.J. Mayer has sold new and pre-owned handbags and other designer goods out of her New Jersey home for 16 years. Early last year, TikTok recruited her business for the live component of TikTok Shop. WASHINGTON — Legislation that could ban TikTok in the U.S.
“Extending the divestment period is necessary to ensure there is enough time for a new buyer to get a deal done,” said Cantwell, who had previously expressed doubts about the bill. ”I support this updated legislation.” To date, the U.S. government has not provided evidence that shows TikTok shared U.S. user data with the Chinese government, or that Chinese authorities have tinkered with the company’s popular algorithm, which influences what Americans see.
Alex Haurek, a spokesman for the company, said in a statement Thursday that “It is unfortunate that the House of Representatives is using the cover of important foreign and humanitarian assistance to once again jam through a ban bill that would trample the free speech rights of 170 million Americans, devastate 7 million businesses, and shutter a platform that contributes $24 billion to the U.S. economy, annually.
If the bill does pass, it would be the most significant step Congress has taken in decades to regulate the tech industry. For years Congress has failed to act on legislation that would protect users’ privacy, protect children online, make companies more liable for their content and put loose guardrails around artificial intelligence, among other things.Democratic Sen. Mark Warner of Virginia, the chairman of the Senate Intelligence Committee, has been pushing for years for tech regulation.
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