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Act to Protect Data and National Security from TikTok

This act aims to protect US citizens' data and national security by requiring ByteDance, TikTok's owner, to sell its TikTok-related assets in the US. This means TikTok in its current form may cease to operate in the United States if the company does not comply. The act seeks to prevent potential espionage and data collection by foreign entities.
Key points
Requirement for ByteDance to divest TikTok's US assets within 90 days, with possible extensions up to 12 months.
Prohibition on third-party companies providing services supporting TikTok's operation in the US after 45 days from enactment, with some exceptions.
Strengthening government oversight of US businesses' relationships with ByteDance to protect national security.
Introduction of financial penalties for violating the act's provisions, including for false statements and non-compliance.
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Additional Information
ACES Act of 2021
Print number: HR 3057
Sponsor: Rep. McClain, Lisa C. [R-MI-10]
Process start date: 2021-05-07