Biden Signs TikTok Divestment-Or-Ban Bill Into Law
1 week ago
U.S. President Joe Biden signed a bill into law that bans TikTok in the United States, if its Chinese owner, ByteDance, fails to divest the popular short video app.
Here's what will likely happen next for TikTok.
ByteDance will have 270 days to sell TikTok - that's about 9 months.
The president can potentially authorize an additional 90 days for any deal to be finalized.
The app should not change for its 170 million U.S. users between now and the end of the divestment period.
TikTok is expected to sue the U.S. government.
The company's lawyers are also expected to ask the court for a preliminary injunction.
In 2023, TikTok took similar legal actions to stop a ban on the app in the state of Montana.
A preliminary injunction was granted.
If TikTok successfully obtains a preliminary injunction this time, the forced sale process is halted, potentially giving the app more time to operate freely in the U.S.
Here's what will likely happen next for TikTok.
ByteDance will have 270 days to sell TikTok - that's about 9 months.
The president can potentially authorize an additional 90 days for any deal to be finalized.
The app should not change for its 170 million U.S. users between now and the end of the divestment period.
TikTok is expected to sue the U.S. government.
The company's lawyers are also expected to ask the court for a preliminary injunction.
In 2023, TikTok took similar legal actions to stop a ban on the app in the state of Montana.
A preliminary injunction was granted.
If TikTok successfully obtains a preliminary injunction this time, the forced sale process is halted, potentially giving the app more time to operate freely in the U.S.
