Re:Biden signs TikTok 'ban' bill into law, starting clock fo...
by pakyr on Wednesday April 24, 2024 @05:20PM
(#40149830)
Sure, that's a valid concern to have, and I'm not saying the bill is a great idea. I'm just pointing out that there's nothing automatic about the process and the clock to divestment wouldn't immediately start ticking the moment a company crosses 20% Chinese ownership. The person I was responding to said the bill could get weaponized by the CCP to ban things via the threat of them acquiring more than 20% ownership, but that's not how the bill works.
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