TikTok CEO grilled by US House panel over China ties and ad spending.

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Source: Fox Business
TL;DR Summary

The House of Representatives will consider legislation on TikTok after CEO Shou Zi Chew was grilled by lawmakers about the social media app. Some U.S. officials have argued that TikTok is required to turn over data to the Chinese government due to the country's national security laws. Multiple pieces of legislation have been introduced in both chambers of Congress concerning TikTok, including a bill that would give President Biden the ability to ban TikTok and other technology platforms owned by foreign adversaries. The Treasury Department's Committee on Foreign Investment in the U.S. demanded last week that ByteDance divest its stake in the app or face a possible ban.

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