Re:Senate Bill to Ban TikTok
by akerl_ on Wednesday March 29, 2023 @04:59PM
(#35363535)
The bill doesn’t require an ownership stake, it even includes provisions to consider an entity hostile if the holding is indirect.
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The intent there is to deal with people trying to get around the provision via intermediary holding companies. At its core there still must be some ownership stake or controlling interest by a foreign national, whether direct or indirect.