Current:Home > MarketsForced sale of TikTok "absolutely could" happen before Election Day, Rep. Mike Gallagher says -FutureFinance
Forced sale of TikTok "absolutely could" happen before Election Day, Rep. Mike Gallagher says
View
Date:2025-04-13 02:32:16
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! (3)
Related
- Military service academies see drop in reported sexual assaults after alarming surge
- Florida citrus capital was top destination for US movers last year
- Meg Ryan Isn't Faking Her Love For Her Latest Red Carpet Look
- Some Alabama websites hit by ‘denial-of-service’ computer attack
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Mega Millions' most drawn numbers may offer clues for March 15, 2024, drawing
- Former Mormon bishop highlighted in AP investigation arrested on felony child sex abuse charges
- House passes TikTok bill. Are TikTok's days numbered? What you need to know.
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Dollar Tree to shutter nearly 1,000 stores after dismal earnings report
Ranking
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Dollar General employees at Wisconsin store make statement by walking out: 'We quit!'
- What’s Pi Day all about? Math, science, pies and more
- More women's basketball coaches are making at least $1M annually, but some say not enough
- The Super Bowl could end in a 'three
- Former NFL coach Jon Gruden lands advisory role with football team in Italy
- Former Missouri child brides call for outlawing marriages of minors
- Star Wars’ Child Actor Jake Lloyd in Mental Health Facility After Suffering Psychotic Break
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
It’s not just ‘hang loose.’ Lawmakers look to make the friendly ‘shaka’ Hawaii’s official gesture
Meg Ryan Isn't Faking Her Love For Her Latest Red Carpet Look
Nearly 1,000 Family Dollar stores are closing, owner Dollar Tree announces
See you latte: Starbucks plans to cut 30% of its menu
Yankees ace Gerrit Cole out until at least May, will undergo more elbow exams
Connecticut officer arrested and suspended after video shows him punching motorist through car window while off duty
Why Arnold Schwarzenegger's Son Joseph Baena Doesn't Use His Dad's Last Name