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...Other tech start-ups have made arrangements to help staff pay tax bills on vested RSUs....
...The company has organised users to bombard their local US congressional representatives with phone calls protesting against the bill....
...The House passed the bill last month, but it faced hurdles in the Senate over concerns about free speech....
...Michael Beckerman, TikTok’s public policy head in the US, told staff in response that if the bill became law, the company would “move to the courts for a legal challenge”....
...The Republican Speaker said the House would vote on three funding bills — for Israel, Ukraine and Taiwan — and a fourth bill that contains language on the popular video-sharing app similar to that of a measure...
...The bill gives ByteDance 180 days to divest TikTok to prevent it from being banned from app stores....
...Some argue that this bill runs counter to the value of free speech. First, contrary to how it is being characterised by TikTok, this bill itself is not a ban....
...It permits ByteDance to bring a legal challenge within 165 days of the bill becoming law....
...It has also prompted lawmakers in both red and blue states to introduce so-called “Taylor Swift” bills aimed at reining in the ticketing giant....
...The US lawmakers’ move this week to advance a bill to force a separation of TikTok from Chinese-owned ByteDance over national security concerns has caught investors by surprise, sending them scrambling to...
...The move comes as the US Congress prepares for a Saturday vote on a bill to ban ByteDance-owned short video app TikTok if it is not divested to a non-Chinese owner....
...White House aides helped draft the bill, even as Biden’s re-election campaign uses TikTok to try to reach younger voters....
...A bill requiring ByteDance to divest TikTok or face having the app banned passed in the Senate on Tuesday. The bill will now be sent to President Joe Biden, who has pledged to sign it into law....
...Such a suit needs to be brought within 165 days of the bill becoming law....
...Bill Ready: Absolutely, yes. In fact, that’s one of the biggest things that attracted me to Pinterest when I joined....
...And the best thing that can happen to them is, we will provide — we will lead their coke dealers — to their homes, after they can’t pay their bills… Go ahead, do your thing, we’ll do our thing....
...Congressional aides said this bill was designed to overcome those barriers....
...But his political outlays were not enough to slow the TikTok bill, which sits at the centre of the battle between Washington and Beijing....
...“They are like lemmings when it comes to this stuff,” said Bill McGee, a senior fellow for aviation and travel at the American Economic Liberties Project, an anti-monopoly think-tank....
...Byrne said he planned to lay an amendment to the digital markets, competition and consumers bill when it returns to the Commons....
...It counts makers of flooring, paint, insulation, roofing and modular homes among its subsidiaries....
...The bill now heads to the Senate for review, but it looks like some Senators would rather come up with their own bill instead of voting on the House one....
...Other tech start-ups have made arrangements to help staff pay tax bills on vested restricted stock units, or RSUs....
...So this bill is no cause for parental celebration. Here is what a serious bill would look like....
...because the bill has drawn bipartisan support....
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