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Thursday, March 16, 2023 7:32:16 AM
That legislation by Sens. Mark Warner (D., Va.), the chairman of the Senate Intelligence Committee, and John Thune (R., S.D.), the Senate Republican whip, would require the Commerce Department to set up procedures to mitigate risks and potentially ban foreign technology.
That could lead to a ban in appropriate circumstances for a specific platform or service. The measure was quickly endorsed by Biden administration officials.
“This legislation would empower the United States government to prevent certain foreign governments from exploiting technology services operating in the United States in a way that poses risks to Americans’ sensitive data and our national security,” National Security Adviser Jake Sullivan said in a statement.
White House press secretary Karine Jean-Pierre recently declined to say if Mr. Biden would ban TikTok if the bill passed and gave him the authority to do so, but acknowledged the White House had “concerns with this particular app.”
“We want to make sure that the digital products and services Americans use every day are safe and secure,” Ms. Jean-Pierre said.”
https://www.wsj.com/articles/u-s-threatens-to-ban-tiktok-if-chinese-founder-doesnt-sell-ownership-stake-36d7295c
my posts are always theory and not financial advice
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