financetom
Business
financetom
/
Business
/
House lawmaker says US ByteDance investors should urge China to allow TikTok sale
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
House lawmaker says US ByteDance investors should urge China to allow TikTok sale
Mar 6, 2024 9:11 AM

WASHINGTON (Reuters) - A U.S. House Republican leading a legislative push to force China's ByteDance to divest TikTok in the United States or face a U.S. ban says American investors should urge China to allow a sale.

Representative Mike Gallagher, who chairs a House panel on China, introduced legislation on Tuesday with Representative Raja Krishnamoorthi, the panel's top Democrat, that would give ByteDance about six months to sell TikTok or face a ban citing national security concerns. "It is in there interest to allow a separation," Gallagher said. The House Energy and Commerce Committee is set to vote on the bill on Thursday.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved