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Former U.S. Treasury Secretary Steven Mnuchin says he’s going to put together an investor group to buy TikTok, a day after the House of Representatives passed a bill that would ban the popular video app in the U.S. if its China-based owner doesn’t sell its stake.
A “ban” on TikTok – Gen Z’s favourite source of news, entertainment, triviality and (sometimes) dangerous stunts – is firmly back on the agenda. A bill has passed the US House of Representatives, with (rare) bipartisan support, on a 352-to-65 vote. It now moves to the Senate, where influential legislators on both sides of the aisle have spoken in favour.
WASHINGTON — The House-passed bill that could ban TikTok faces an uncertain future in the Senate, where there is less urgency to act and senators have different theories about how to address national security concerns about the app's China-based owner.
The federal Liberals say they ordered a national security review of popular video app TikTok in September 2023, but did not disclose it publicly.
The Liberal government ordered a national security review of popular video app TikTok in September 2023 but did not disclose it publicly.
Former Treasury Secretary Steven Mnuchin says he’s going to put together an investor group to buy TikTok, a day after the House of Representatives passed a bill that would ban the popular video app in the U.S. if its China-based owner doesn’t sell its stake.
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Former US treasury secretary Steven Mnuchin is putting together an investor group to try to buy TikTok, he told CNBC on Thursday.