The US, if it's Chinese owner bite dance,
did not sell its stake within a year.
The bill is passed without objection.
A motion Reconsider is laid on the table.
The House approved the legislation
360 to 58, which was a part of a broader
foreign aid package.
The Senate is expected to vote on it this week,
and President Joe Biden has said he would sign it
into law.
In a statement, TikTok said it is unfortunate that the
House of Representatives is using the cover of important foreign
and humanitarian assistance to once again jam through a bill
that would trample the free speech rights of
170 million Americans. Many US lawmakers from both the Republican
and Democratic parties and the Biden administration say TikTok poses
national security risks because China could compel the company to
share the data of its
170 million US users. Tick Tock insists it has never
shared U.S.
data and never would. Democratic US Senator Mark Warner,
chairman of the Senate Intelligence Committee,
on Sunday told CBS News Tick Tock could be used
as a propaganda tool by the Chinese government,
while Democratic US Representative ROH Khanna told ABC News Sunday
that a TikTok ban may not survive legal scrutiny in
courts.
Citing the US Constitution's free speech protections,
the House voted on March 13th to give Bike Dance
about six months to divest the US assets of the
short video app or face a ban.
The legislation passed on Saturday extends that deadline.
Oh, we're going to do that.
It goes,
that's fine.
Oh, is it right there?
Music label executive JP Morey is one of those who
sees potential advantages to AUS Ban on TikTok.
I do believe it will be a blessing in disguise.
On Tuesday, the Senate passed a bill to get Tik
Tok's Chinese owner Byte Dance nine months to sell the
short video app that has
170 million American users. Or have it banned in the
US altogether.
I just signed in a law.
President Joe Biden has since signed it into law,
but many experts doubt if any potential buyer has the
financial resources to buy TikTok,
or if China and U.S.
government agencies would approve a sale.
Moray is CEO of Interlude Studios,
which relied on TikTok to launch careers of artists like
singer Austin.
He said news of the TikTok band didn't come as
a shock.
He also says most artists he spoke to were ready
to move on.
Didn't really come along with any sort of major concern.
I would say the concern has been relatively minor because
artists are ready to
move on to what's next.
I think they're a bit tired of of the vanity
metrics and chasing those with Tik Toks day in and
day out.
TikTok has rivalled larger tech companies like Meta for user
attention and AD budgets.
It's changed how young people discover music by catapulting emerging
artists into viral hits,
but Moray admits the app doesn't work as well for
his own venture as it used to the actual usage
of TikTok
and the prioritization of that tool specifically for us and
for artists.
While it still remains, it isn't as powerful as it
once was.
Aside from the band, TikTok has clashed with music industry
giants lately.
It started pulling Universal Music's content from its app in
February after failing to reach a licensing agreement with the
music label.
Ultimately, Moray thinks the music industry should come up with
its own platform for music discovery.
Obviously, don't come with it.
It's difficulties initially and it's hardships where how can we
reach people?
How can we reach right,
wider audiences? Where are people going to get their music?
You know all these questions will arise,
but I think naturally,
naturally, it will resolve itself.
The ban caps a four year battle the US government
launched over concerns Beijing could use TikTok to influence content
or access user data.
Rest assured, we aren't going anywhere,
TikTok CEO Schultz Chu said in the video moments after
Biden signed the ban that the video app would continue
working despite restrictions and they would fight the ban in
US courts on 1st Amendment grounds.
Music.