The draft law, called the Law on the Protection of Americans from the Application of the Controlled Opposition to the Alien, and already has been approved by the house of Representatives. In order to speed up the approval by the Senate, and a version of the modification to the text, they are not included in the package of financial aid to Ukraine, and Israel. Therefore, the ultimatumi for TikTok is the truth.
The solution in order to speed up the process
The original version of the bill also requires that ByteDance to sell TikTok, within 180 days of the entry into force of it. If you are a company does not meet the deadline, applications will need to be removed from the stores of Apple and Google. The president of the Eu has already said that he will sign the law. However, the Senate has the priority of the other, so that the approval can be pressed upon it for a couple of months.
Many experts noted that the sale could not be completed in 180 days, for a variety of reasons. Some lawmakers have suggested an extension of the time limit to a maximum of 180 days. Therefore, the sale of the TikTok must be completed within the last 12 months. The head of the House of Representatives (republikani Mike Johnson) took the opportunity to speed up the approval of the Senate.
The text's up-to-date of the bill by the deadline of a new period for the sale was not included in the package of financial aid to Ukraine, and Israel, which is, of course, will be approved by the Chamber of tomorrow. Taking into account the importance of the aid, the Senate will approve the faster the rule of law.
TikTok has clearly expressed his disappointment with the decision:
It is a pity that the house of Representatives, if I use the cover to the aid of a large foreign humanitarian law, to promote the adoption of a draft law that would violate the rights of free speech of the 170 million americans, would be to destroy the 7 million businesses, and it will be shut down for a platform that contributes to the. A 24-billion dollars to the economy in the u.s. each year.
If the law is passed and signed by the President of the Eu, the chinese are certainly going to appeal to.
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