New TikTok ban is poised to advance in Congress
Publishing timestamp: 2023-02-28 07:52:49
Summary
A bill sponsored by House Foreign Affairs Committee Chairman Mike McCaul is expected to pass a key House committee on Tuesday, which would strip longstanding protections from companies that transfer "sensitive personal data" of Americans to entities or individuals based in, or controlled by, China. This bill would likely pass the Republican-controlled House easily, but its fate in the Democratic majority Senate is unclear. The bill would revise group of rules known as Berman amendments that have protected companies like TikTok from U.S. sanctions for decades. Critics and TikTok lobbyists argue that any ban is tantamount to censorship of content protected by the First Amendment.
Sentiment: NEGATIVE
Tickers: GOOG, META, GOOGL, AAPL, AMZN, WMT, ORCL,
Keywords: united states, economy, apple inc, business news, walmart inc, politics, alphabet class c, alphabet inc, amazon.com inc, washington, meta platforms inc, congress, donald trump, breaking news: politics, white house, china, joe biden, oracle corp,
Source: https://www.cnbc.com/2023/02/28/new-tiktok-ban-is-poised-to-advance-in-congress-.html