U.S. Senator Maria Cantwell, Chair of the Senate Committee on Commerce, Science and Transportation, expressed her approval of the U.S. House’s modified TikTok bill legislation in a recent statement. The legislation includes Cantwell’s proposal to extend the divestment period from six months to a year for Byte Dance.
Cantwell stated, “I’m pleased that Speaker Johnson and House leaders have heeded my recommendation to extend the divestment period. Extending the divestment period is crucial to allowing enough time for a new buyer to successfully finalize a deal. I fully support this updated legislation.”
This move aims to address concerns regarding the acquisition of TikTok and ensures a smoother transition for potential buyers. Cantwell’s support for the extension reflects a proactive approach to navigating complex tech and commerce issues.
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