Current:Home > StocksForced sale of TikTok "absolutely could" happen before Election Day, Rep. Mike Gallagher says -Financial Clarity Guides
Forced sale of TikTok "absolutely could" happen before Election Day, Rep. Mike Gallagher says
View
Date:2025-04-18 04:55:18
Washington — Rep. Mike Gallagher, a Wisconsin Republican, said on Sunday that the forced sale of TikTok "absolutely could" happen before November's election, as legislation that would demand the sale — or ban the app altogether — makes its way through Congress.
"The closer we get to an election, the risk just gets greater and greater," Gallagher said on "Face the Nation" on Sunday of the threat posed by the widely popular video-sharing app.
- Transcript: Reps. Raja Krishnamoorthi and Mike Gallagher on "Face the Nation," March 17, 2024
TikTok has for years been under fire by U.S. officials amid warnings that China's government could gain access to its data and use it to manipulate or spy on Americans. But a renewed push against the app gained momentum last week, as the House approved legislation that would compel the company to either sell the app within six months or be banned from U.S. app stores.
Gallagher, who spearheaded the bill, noted that "it would be in the financial interest of ByteDance's investors to effectuate before sale," saying that the user experience of the app would likely improve with the decreased concern of propaganda should the company move away from China-based ownership, causing TikTok to increase in value.
On the risks that TikTok could pose to Americans, Rep. Raja Krishnamoorthi, an Illinois Democrat, said "this is a different type of threat than we've seen before." He noted that TikTok differs from other social media platforms because it's effectively controlled by a foreign adversary. And lawmakers in the House widely seem to agree, as the legislation saw significant bipartisan support just last week. But whether the Senate agrees remains to be seen.
Krishnamoorthi noted that he's had "very positive" conversations with senators who he says are "very interested in this bill and who were very surprised by the size or the margin of the overwhelming bipartisan support in the House." But how quickly Senate leadership decides to act on the bill is an open question.
Kara Swisher, a business and tech journalist who appeared separately Sunday on "Face the Nation," noted that "there's a lot of people who would buy" TikTok, like the owners of Microsoft, Meta, Apple or a consortium of companies. But she said the question will revolve around what exactly they're buying, noting that the algorithm behind the app will likely remain in China's control.
"What do you buy precisely because the algorithm's not coming with this company, the Chinese government would never let that happen," Swisher said. "You're buying 170 million say U.S. users and a great brand. But the algorithm isn't there."
Kaia HubbardKaia Hubbard is a politics reporter for CBS News Digital based in Washington, D.C.
TwitterveryGood! (3533)
Related
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Turkey signals new military intervention in Syria if Kurdish groups hold municipal election
- Amazon gets FAA approval allowing it to expand drone deliveries for online orders
- House Ethics Committee investigating indicted Rep. Henry Cuellar
- 2 killed, 3 injured in shooting at makeshift club in Houston
- American Airlines hits rough air after strategic missteps
- Albanian soccer aims for positive political message by teaming with Serbia to bid for Under-21 Euro
- Officer who arrested Scottie Scheffler criticizes attorney but holds ‘no ill will’ toward golfer
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- China to impose controls on exports of aviation and aerospace equipment
Ranking
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Some companies plan to increase return-to-office requirements, despite risk of losing talent
- Louisiana may soon require public school classrooms to display the Ten Commandments
- Bebe Rexha Details the Painful Cysts She Developed Due to PCOS
- Why members of two of EPA's influential science advisory committees were let go
- Powerball winning numbers for May 29 drawing: Jackpot climbs to $143 million
- Minnesota man dismembered pregnant sister, placed body parts on porch, court papers show
- Mining giant BHP pledges to invest in South Africa economy as it seeks support for Anglo bid
Recommendation
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
More people make ‘no-buy year’ pledges as overspending or climate worries catch up with them
Golden Goose sneakers look used. The company could be worth $3 billion.
Haiti's transitional council names Garry Conille as new prime minister as country remains under siege by gangs
A White House order claims to end 'censorship.' What does that mean?
Elections are not wasted on the young in EU. Some nations allow 16-year-olds to decide in June polls
What's going on with Ryan and Trista Sutter? A timeline of the 'Bachelorette' stars' cryptic posts
Get three months of free Panera coffee, tea and more drinks with Unlimited Sip Club promotion