Tag: Committee on Foreign Investment in the United States (CFIUS)

U.S. House Passes Bill That Could Ban TikTok

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The House on Wednesday passed a bill with broad bipartisan support that would force TikTok’s Chinese owner to either sell the hugely popular video app or have it banned in the United States. The move escalates a showdown between Beijing and Washington over the control of a wide range of technologies that could affect national security, free speech and the social media industry. Republican leaders fast-tracked the bill through the House with limited debate, and it passed on a lopsided vote of 352 to 65, reflecting widespread backing for legislation…

Could U.S. Toughness on Chinese Business Have Unintended Consequences?

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At a moment when Washington is trying to reset its tense relationship with China, states across the country are leaning into anti-Chinese sentiment and crafting or enacting sweeping rules aimed at severing economic ties with Beijing. The measures, in places like Florida, Utah and South Carolina, are part of a growing political push to make the United States less economically dependent on China and to limit Chinese investment over concerns that it poses a national security risk. Those concerns are shared by the Biden administration, which has been trying to…

Justice Dept. Investigating TikTok’s Owner Over Possible Spying on Journalists

Chin@Strategy

WASHINGTON — The Justice Department is investigating the surveillance of American citizens, including several journalists who cover the tech industry, by the Chinese company that owns TikTok, according to three people familiar with the matter. The investigation, which began late last year, appears to be tied to the admission in December by the company, ByteDance, that its employees had inappropriately obtained the data of American TikTok users, including that of two reporters and a few of their associates. The department’s criminal division, the F.B.I. and the U.S. attorney for the…

TikTok Could Be a Hard Sell to Potential Buyers

Chin@Strategy

TikTok has what many Silicon Valley companies lust after: A culture-making machine beloved by 100 million Americans and deep-pocketed advertisers. That doesn’t mean they will line up to buy it. TikTok said on Wednesday that the Biden administration was pushing the company’s Chinese owners to sell the app or face a possible ban. But there are probably few companies, in the tech industry or elsewhere, willing or able to buy it, analysts and experts say. At a price of $50 billion or more — the value some analysts said TikTok…

White House Said to Consider Pushing Congress on Dealing With TikTok

Chin@Strategy

The Biden administration is considering pushing Congress to give it more legal power to deal with TikTok and other technology that could expose sensitive data to China, five people with knowledge of the matter said, as it comes under growing pressure to resolve security concerns about the Chinese-owned video app. White House officials are weighing whether to support legislation being developed by Senator Mark Warner, Democrat of Virginia, that would give the government more authority to police apps and services that could pose a risk to Americans’ data security or…

Plans in Congress on China and TikTok Face Hurdles After Spy Balloon Furor

Chin@Strategy

WASHINGTON — Republicans and Democrats are pressing for major legislation to counter rising threats from China, but mere weeks into the new Congress, a bipartisan consensus is at risk of dissipating amid disputes about what steps to take and a desire among many Republicans to wield the issue as a weapon against President Biden. In the House and Senate, leading lawmakers in both parties have managed in an otherwise bitterly divided Congress to stay unified about the need to confront the dangers posed by China’s militarization, its deepening ties with…

Air Force Says Proposed Chinese-Owned Mill in North Dakota Is ‘Significant Threat’

Chin@Strategy

After more than a year of debate about whether a Chinese company’s plan to build a corn mill in North Dakota was an economic boon or a geopolitical risk, an assistant secretary of the Air Force has weighed in with a warning that the “project presents a significant threat to national security.” The letter from Assistant Secretary Andrew P. Hunter, released publicly on Tuesday by North Dakota’s senators, noted the proximity of Grand Forks Air Force Base to the proposed mill and said the project raised “near- and long-term risks…

Bans on TikTok Gain Momentum in Washington and States

Chin@Strategy

The Biden administration has negotiated with TikTok for two years to resolve the government’s concerns that the popular Chinese-owned video app poses a national security risk. But as talks drag on, state and federal lawmakers have become impatient and taken matters into their own hands. In the past several weeks, at least 14 states have banned TikTok on government-issued devices. In Congress, lawmakers are expected to vote this week on a sweeping spending bill that includes a ban of TikTok on all federal government devices. A separate bipartisan bill, which…

Biden Issues New Order to Block Chinese Investment in Technology in the U.S.

Chin@Strategy

WASHINGTON — President Biden signed an executive order on Thursday designed to sharpen the federal government’s powers to block Chinese investment in technology in the United States and limit its access to private data on citizens, in a move that is bound to heighten tensions with Beijing. The new order is designed to focus the actions of the secretive Committee on Foreign Investments in the United States, created by Congress nearly a half-century ago. For years the committee’s powers were limited largely to blocking the foreign acquisition of American firms…

How Frustration Over TikTok Has Mounted in Washington

Chin@Strategy

In an interview, Mr. Beckerman called TikTok’s data collection “all very minor” compared with other social apps. To reduce security concerns, the app has said that it plans to store all its American data solely on Oracle servers in the United States, deleting its backups in Singapore and Virginia, and managing access from the United States. The process, Mr. Beckerman said, would probably be finished this year. He did not offer a specific date. Read More on the Relations Between Asia and the U.S. The White House may be preparing…