Senators will look at legislation addressing TikTok in China proposal -- Schumer

Kitco Media
By Reuters
Published:
Updated:
Reuters
WASHINGTON, May 3 (Reuters) - Senate Majority Leader Chuck Schumer said senators will consider legislation to bolster the Biden administration's ability to crackdown on popular video sharing app TikTok as they craft wide-ranging legislation to address Chinese threats. In March, Senators Mark Warner and John Thune joined by 24 other senators proposed the Restrict Act to grant the Commerce Department new authority to review or block a range of transactions involving foreign-owned apps like TikTok that pose national security risks. "This is one of the things we will look at for sure," Schumer said Wednesday at a press conference citing Warner's bill. (Reporting by David Shepardson)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.