Pipeline · Bill → Law
Step 1
Introduced
Feb 17, 2023
Step 2
Referred
Feb 17, 2023
Foreign Affairs
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill requires the President to impose property-blocking sanctions on TikTok, its parent company ByteDance Ltd., and larger social media companies with ties to certain foreign countries. Specifically, the sanctions shall apply if the relevant property interests are (1) in the United States; or (2) in the possession or control of a U.S. person, if blocking the transaction is necessary to prevent the company's commercial operation in the United States. These sanctions shall also apply to larger social media companies involved with countries or persons (entities or individuals) of concern, generally defined as any foreign government or person engaged in activities adverse to U.S. security...
Timeline · 2 actions
Feb 17, 2023
Introduced in House
Feb 17, 2023
Referred to the House Committee on Foreign Affairs.