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TikTok’s fate in the U.S. has never been more in doubt after the House of Representatives approved a bill last weekend that gives its parent company two options: sell it to an approved buyer or see it banned.
The Senate on Tuesday advanced a package to provide billions in aid to Israel, Ukraine and Taiwan, sending the legislation on a glide path to become law after a rocky six months of political battles. In a final tally of 80-19, senators passed a crucial procedural vote with wide bipartisan support, signaling that the foreign aid package has the strength to pass a final vote. "The relentless work of six long months has paid off," Senate Majority Leader Chuck Schumer, D-N.Y., said on the Senate floor following the vote. Tuesday's vote also starts the senators' final debate clock, which will run for up to 30 hours unless they agree t
Former President Donald Trump said Monday that young voters should blame President Joe Biden if the U.S. government bans the popular social media app TikTok, even though Trump supported such a ban when he was president.
On Saturday, the House passed a series of bills to provide aid to Ukraine, Israel, and Taiwan, along with a package that included forcing the Chinese company ByteDance to sell TikTok. After a morning of debate on the House floor, the four bills will be wrapped into a single package and sent to the Senate for approval. After that, it will be sent to President Joe Biden to be signed into law. "I understand that it is not a perfect piece of legislation," House Speaker Mike Johnson, R-La., said Saturday following the vote. "We would rather send bullets to the conflict oversea
WASHINGTON ― The House passed a bipartisan bill 360-58 on Saturday that slaps new sanctions on Iran and Russia ― and it could lead to a ban on TikTok in the U.S.
WASHINGTON (AP) — Legislation that could ban TikTok in the U.S. if its China-based owner doesn’t sell its stake won a major boost late Wednesday when House Republican leaders included it in a package of bills that would send aid to Ukraine and Israel. The bill could be law as soon as next week if Congress moves quickly.
TikTok more than doubled its ad spend to over $4.5 million in a campaign to combat a potential U.S. ban as Congress looks to fast-track legislation to push parent company ByteDance to divest the social media app. TikTok has spent over $2.5 million on television ads alone since March, according to data from AdImpact. The popular social media company has spent almost $900,000 on digital advertisements, according to the data. The data from AdImpact in late March showed TikTok initially purchased $2.1 million in advertising. The House recently tied a new bill with legislation providing further aid to Ukraine and Israel that, if signed into law, woul
Inside one of the largest options trading firms in the world sits a little known charitable foundation, that has quietly donated tens of millions of dollars to influence federal policy, education and law. The firm and the foundation are twin enterprises of Republican megadonor Jeff Yass, and a small group of allies. A poker-playing, libertarian billionaire, Yass is the largest individual donor to federal candidates this election cycle, with more than $46 million so far in contributions, according to data from the nonpartisan OpenSecrets. Yass has given very few interviews and largely avoided publicity. But his charitable giving offers a rare window into his priorities and goals. The Susquehanna Foundation operates out of the same suburban offic