SENATE PASSES TIKTOK BAN BILL, SENDING IT TO PRESIDENT BIDEN'S DESK

Summary from the TLDR newsletter

The Senate has passed a bill for a foreign aid package that includes a measure that will force China-based ByteDance to sell TikTok or have it banned from the US. The bill will now head to President Joe Biden, who has already committed to signing the legislation. Once signed into law, ByteDance will have up to a year to complete a sale of TikTok. Enforcement of the law may be delayed by legal challenges. The bill is aimed at preventing foreign adversaries from conducting espionage, surveillance, maligned operations, and otherwise harming vulnerable Americans, rather than a punishment against ByteDance or any other individual company.