Displaying items by tag: legislative pressure

Recent actions by Congress aimed at pressuring the Chinese owner of TikTok, ByteDance, have sparked much debate and uncertainty among millions of users and businesses using the popular app. The new bill, part of a $95 billion foreign aid package, puts ByteDance under pressure to sell TikTok within a year, otherwise facing financial penalties. However, while the bill's objective seems clear, numerous doubts and questions arise regarding the consequences and effectiveness of such actions.