Biden signs Israel, Ukraine, TikTok bill into law

Biden signs Israel, Ukraine, TikTok bill into law

  • President
    Joe
    Biden
    signed
    into
    law
    measures
    to
    provide
    aid
    to
    Israel,
    Ukraine
    and
    Taiwan,
    as
    well
    as
    force
    the
    divestiture
    of
    social
    media
    platform
    TikTok
    from
    its
    Chinese
    parent
    company
    ByteDance.
  • TikTok
    has
    vowed
    to
    legally
    challenge
    the
    measure.
  • Biden’s
    official
    approval
    ends
    a
    six-month
    saga
    of
    tense
    political
    battles
    on
    Capitol
    Hill
    over
    the
    foreign
    aid.


President
Joe
Biden

on
Wednesday
signed
into
law
measures
to
provide
aid
to

Israel,
Ukraine
and
Taiwan
,
as
well
as
force
Chinese
TikTok
parent
company ByteDance to
sell
the
social
media
platform.

Biden’s
official

approval

ends
a
six-month
saga
of
tense
political
battles
on
Capitol
Hill
that
led
to
a
deadlock
on
the
foreign
aid.

“The
path
to
my
desk
was
a
difficult
path.
It
should
have
been
easier
and
it
should’ve
gotten
there
sooner,”
Biden
said
Wednesday
after
signing
the
bill.
“But
in
the
end
we
did
what
America
always
does,
we
rose
to
the
moment.”

Biden
had
signaled
his
intention
to
sign
the
bill
into
law
after
the
House
passed
the
proposal
on
Saturday.
The
Senate
gave
its
own
greenlight
late
Tuesday
night
in
an
overwhelmingly
bipartisan
79-18
vote,
sending
it
to
Biden’s
desk
for
his
signature.

The
law
earmarks
roughly
$60
billion
in
aid
for
Ukraine,
$26
billion
for
Israel
and
$8
billion
for
security
in
Taiwan
and
the
Indo-Pacific.
It
also
requires
ByteDance
to
sell
TikTok
within
nine
months

or
a
year,
if
Biden
invokes
a
90-day
extension

or
else
face
a
nationwide
ban
in
the
U.S.

TikTok
has
already
vowed
to
fight
the
measure.

“This
unconstitutional
law
is
a
TikTok
ban,
and
we
will
challenge
it
in
court,”
the
company
wrote
in
a
Wednesday

statement

on
X
following
Biden’s
signing.
“This
ban
would
devastate
seven
million
businesses
and
silence
170
million
Americans.”

TikTok
CEO
Shou
Zi
Chew
posted
his
own

video
response

to
the
enactment
of
the
TikTok
bill,
calling
it
a
“disappointing
moment”
and
reiterating
the
company’s
commitment
to
legally
challenge
the
law.

Also
on
CNBC