The bipartisan Senate bill endorsed by the White House empowers Secretary of Commerce Gina Raimondo to review deals, software updates, or data transfers by information and communications technology in which a foreign adversary has an interest, writes CNBC. There are six foreign adversary nations named in the bill: China, Russia, Iran, North Korea, Venezuela, and Cuba. White House national security adviser Jake Sullivan urged Congress “to act quickly to send the bill to the President’s desk.”
The bill, called the RESTRICT act (Restricting the Emergence of Security Threats that Risk Information and Communications Technology), could have a huge impact on TikTok, which is owned by Chinese company ByteDance.