President Joe Biden is considering a few executive actions that could limit Americans’ ability to invest in China and restrict Chinese companies’ data-collection practices, including giving the government the ability to block investments.
President Joe Biden is considering a number of executive actions that could limit Americans’ ability to invest in China and restrict Chinese companies’ data-collection practices.
The popular video-sharing app TikTok and its parent company ByteDance Ltd. could be the most high-profile target of the new measures, following concerns that the Chinese government could be misusing data collected on American users. Bloomberg reported Friday evening that the White House is considering issuing a stand-alone order addressed specifically at TikTok.
“It is clear that TikTok poses an unacceptable national security risk due to its extensive data harvesting being combined with Beijing’s apparently unchecked access to that sensitive data,” Carr wrote. Robert Kaminski, a policy analyst at Capital Alpha Partners, wrote in a recent note to clients that an FTC investigation could be the best outcome for the company because it may result in remedial actions that head off a more aggressive legislative or administrative attack on TikTok.
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