Former Trump Official Forming Investor Group to Buy TikTok
Former Trump administration Transportation Secretary Steven Mnuchin is reportedly pooling together an investment group that intends to purchase TikTok if the app is ultimately sold by its Chinese Communist Party-affiliated owner.
The news follows the Wednesday passage of a bipartisan bill in the House of Representatives that seeks to force TikTok to be sold by its Chinese parent company ByteDance or face a nationwide ban in the U.S.
The Protecting Americans from Foreign Adversary Controlled Applications Act easily passed in the House 352-65.
Republicans and Democrats have expressed concerns that TikTok is a national security threat.
A few detractors on both sides of the aisle have criticized the bill for being too broad in its scope and for potentially offering the executive branch too much power regarding censorship.
