What is CFIUS, a little-known agency that can decide TikTok's future in the US?
1 year, 11 months ago

What is CFIUS, a little-known agency that can decide TikTok's future in the US?

Firstpost  

The Committee on Foreign Investment in the United States or CFIUS is investigating TikTok over national security concerns. The government agency holds the power over the embattled video platform’s future, which is facing the risk of a nationwide ban in the US Under pressure from the US government, TikTok is now facing the music with the possibility of a nationwide ban if it defies a government order to sell to an American company — unless the popular social media app can convince a high-powered panel that its data security restructuring plan sufficiently guards against national security concerns. For at least two years, the US government has tried to force TikTok ownership to divest from its Chinese parent company, ByteDance, though CFIUS’ review of the social media app goes back at least to 2019. But the company said it’s already mitigating national security concerns with a $1.5 billion mitigation plan called Project Texas that would route all US user data to servers owned and maintained by the US software giant Oracle. Should TikTok agree to a sale in the future, not only would CFIUS have to approve that transaction, but the Chinese government – which has said it won’t support forced divestment – could also intervene.

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History of this topic

Trump signs memorandum directing CFIUS to restrict Chinese investments in US
1 month, 1 week ago

Trump signs memorandum directing CFIUS to restrict Chinese investments in US

Firstpost  

CFIUS, which scrutinizes foreign investment in the United States for national security risks, has already overseen a sharp decrease in Chinese investment in the United States Representational image. File image/ Reuters President Donald Trump signed a memorandum on Friday directing the Committee on Foreign Investment in the United States to restrict Chinese investments in key areas, according to a White …

Trump signs memorandum directing CFIUS to restrict Chinese investments in US
1 month, 1 week ago

Trump signs memorandum directing CFIUS to restrict Chinese investments in US

Firstpost  

CFIUS, which scrutinizes foreign investment in the United States for national security risks, has already overseen a sharp decrease in Chinese investment in the United States President Donald Trump signed a memorandum on Friday directing the Committee on Foreign Investment in the United States to restrict Chinese investments in key areas, according to a White House official. The national security …

Trump says banning TikTok won’t make Americans safer from China. He may have a point
2 months ago

Trump says banning TikTok won’t make Americans safer from China. He may have a point

CNN  

New York CNN — President Donald Trump on Wednesday batted down the national security concerns surrounding TikTok, saying, “Is it that important for China to be spying on young people? In his 2020 executive order that unsuccessfully tried to ban the app, Trump said TikTok’s data collection could allow China’s government “to track the locations of Federal employees and contractors, …

TikTok farce has damaging repercussions
Top News
2 months, 1 week ago

TikTok farce has damaging repercussions

China Daily  

By ZHANG ZHOUXIANG | China Daily | Updated: 2025-01-22 06:59 The logo of TikTok is seen on the screen of a smartphone in Arlington, Virginia, the United States, March 13, 2024. The resumption of TikTok's basic functions in the United States, after it was temporarily suspended on Saturday, is definitely good news for its 170 million users in the country, …

TikTok farce has damaging repercussions
Top News
2 months, 1 week ago

TikTok farce has damaging repercussions

China Daily  

By ZHANG ZHOUXIANG | China Daily | Updated: 2025-01-22 06:59 The logo of TikTok is seen on the screen of a smartphone in Arlington, Virginia, the United States, March 13, 2024. The resumption of TikTok's basic functions in the United States, after it was temporarily suspended on Saturday, is definitely good news for its 170 million users in the country, …

TikTok resumes US services amid uncertainty over long-term deal
Trending News
2 months, 1 week ago

TikTok resumes US services amid uncertainty over long-term deal

Hindustan Times  

TikTok restored US services after Donald Trump pledged to delay enforcement of a ban. “If full China control over TikTok is a security risk, co-control won’t be better,” said Brock Silvers, managing director at private equity firm Kaiyuan Capital, calling celebrations over the app’s reprieve premature. “It seems likely that, after the coming extension, TikTok will be under majority US …

Trump will keep TikTok from ‘going dark’, adviser says
2 months, 2 weeks ago

Trump will keep TikTok from ‘going dark’, adviser says

Al Jazeera  

TikTok is planning to shut its app in the US on Sunday when a ban kicks in. United States President-elect Donald Trump’s incoming national security adviser has said the new administration will keep TikTok alive in the US if there is a viable deal. “We will put measures in place to keep TikTok from going dark,” US Representative Mike Waltz …

Chinese hackers breached US government office that assesses foreign investments for national security risks
2 months, 2 weeks ago

Chinese hackers breached US government office that assesses foreign investments for national security risks

CNN  

CNN — Chinese hackers breached the US government office that reviews foreign investments for national security risks, three US officials familiar with the matter told CNN. US lawmakers and national security officials have grown increasingly worried that the Chinese government or its proxies could use land acquisitions to spy on those bases. The hackers also targeted Treasury’s sanctions office, which …

TikTok is inching closer to a potential ban in the US. So what’s next?
Trending News
3 months, 3 weeks ago

TikTok is inching closer to a potential ban in the US. So what’s next?

Associated Press  

TikTok’s future in the U.S. appeared uncertain on Friday after a federal appeals court rejected a legal challenge to a law that requires the social media platform to cut ties with its China-based parent company or be banned by mid-January. The appeals court ruling, written by Judge Douglas Ginsburg, said the law was “carefully crafted to deal only with control …

TikTok accuses federal agency of ’political demagoguery’ in legal challenge against potential U.S. ban
9 months, 1 week ago

TikTok accuses federal agency of ’political demagoguery’ in legal challenge against potential U.S. ban

The Hindu  

TikTok disclosed a letter Thursday that accused the Biden administration of engaging in “political demagoguery” during high-stakes negotiations between the government and the company as it sought to relieve concerns about its presence in the U.S. “This threat is compounded when those autocratic nations require companies under their control to turn over sensitive data to the government in secret.” The …

TikTok accuses federal agency of ‘political demagoguery’ in legal challenge against potential US ban
9 months, 1 week ago

TikTok accuses federal agency of ‘political demagoguery’ in legal challenge against potential US ban

Associated Press  

TikTok disclosed a letter Thursday that accused the Biden administration of engaging in “political demagoguery” during high-stakes negotiations between the government and the company as it sought to relieve concerns about its presence in the U.S. “This threat is compounded when those autocratic nations require companies under their control to turn over sensitive data to the government in secret.” The …

Former Trump-advisor Steve Mnuchin plans to buy TikTok from ByteDance, China furious at ‘Robber’s Logic’
1 year ago

Former Trump-advisor Steve Mnuchin plans to buy TikTok from ByteDance, China furious at ‘Robber’s Logic’

Firstpost  

Steve Mnuchin’s bid is not the first attempt to transfer TikTok’s control to American entities. In 2020, then-President Trump supported a proposed deal involving Oracle and Walmart to create a US-based enterprise that would take ownership of TikTok If the Senate approves the bill and President Biden signs it into law, ByteDance will have six months to sell TikTok to …

Former Treasury Secretary Steven Mnuchin is assembling an investor group to buy TikTok
1 year ago

Former Treasury Secretary Steven Mnuchin is assembling an investor group to buy TikTok

LA Times  

As Congress weighs a bill that would lead to a nationwide ban of the popular video app TikTok, former Treasury Secretary Steven T. Mnuchin said Thursday he is assembling an investor group that will try to purchase the China-based company. “There’s no way that the Chinese would ever let a U.S. company own something like this in China.” Mnuchin, a …

Yellen details tighter scrutiny of investment plans of foreign-owned companies operating in the US
1 year, 6 months ago

Yellen details tighter scrutiny of investment plans of foreign-owned companies operating in the US

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

How a little-known agency holds power over TikTok’s future
1 year, 11 months ago

How a little-known agency holds power over TikTok’s future

Associated Press  

WASHINGTON — Under pressure from the U.S. government, TikTok is now facing the music with the possibility of a nationwide ban if it defies a government order to sell to an American company — unless the popular social media app can convince a high-powered panel that its data security restructuring plan sufficiently guards against national security concerns. For at least …

March 23, 2023 - TikTok CEO Shou Chew testifies before Congress
2 years ago

March 23, 2023 - TikTok CEO Shou Chew testifies before Congress

CNN  

A TikTok booth at the 2021 Hangzhou International E-commerce Expo in Hangzhou, east China's Zhejiang Province, in October 2021. TikTok acknowledged to CNN that federal officials are demanding the app’s Chinese owners sell their stake in the social media platform, or risk facing a US ban of the app. Some in Washington have expressed concerns that the app could be …

US threatens TikTok ban if Chinese owners don't sell stake - WSJ
2 years ago

US threatens TikTok ban if Chinese owners don't sell stake - WSJ

Firstpost  

The move would be the most dramatic in a series of recent steps by U.S. officials and legislators who have raised fears that TikTok’s U.S. user data could be passed on to China’s government. Washington: The Biden administration has demanded TikTok’s Chinese owners divest their stake in the popular video app or face a possible U.S. ban, the Wall Street …

U.S. demands that TikTok’s Chinese owners sell stakes or face ban
2 years ago

U.S. demands that TikTok’s Chinese owners sell stakes or face ban

LA Times  

TikTok could be valued at $40 billion to $50 billion based on social media multiples and other factors, according to analysts. TikTok’s leadership has been discussing the possibility of separating from ByteDance to help address concerns about national security risks, Bloomberg News reported Tuesday. “If protecting national security is the objective, divestment doesn’t solve the problem: a change in ownership …

FBI chief says TikTok 'screams' of U.S. national security concerns
2 years ago

FBI chief says TikTok 'screams' of U.S. national security concerns

The Hindu  

China's government could use TikTok to control data on millions of American users, FBI Director Christopher Wray told a U.S. Senate hearing on Wednesday, saying the Chinese-owned video app "screams" of security concerns. Wray told a Senate Intelligence Committee hearing on worldwide threats to U.S. security that the Chinese government could also use TikTok to control software on millions of …

TikTok a \"potential national security risk,\" says White House
2 years ago

TikTok a \"potential national security risk,\" says White House

Deccan Chronicle  

Washington: The White House on Wednesday asserted that the Chinese-owned app TikTok is a "potential national security risk". While responding to a question on whether US President Joe Biden believes TikTok is a threat to national security, the White House Press Secretary Karine Jean-Pierre said, "Well, we have said that we have co ncerns. Meanwhile, the House Foreign Affairs Committee …

TikTok CEO to testify before US Congress over security concerns
2 years, 2 months ago

TikTok CEO to testify before US Congress over security concerns

Live Mint  

WASHINGTON :TikTok Chief Executive Shou Zi Chew will appear before the US Energy and Commerce Committee in March, as lawmakers scrutinize the Chinese-owned video-sharing app. The news comes as the House Foreign Affairs Committee plans to hold a vote next month on a bill aimed at blocking the use of TikTok in the United States over national security concerns. "ByteDance-owned …

TikTok could be used by China for espionage operations in US: FBI director
2 years, 3 months ago

TikTok could be used by China for espionage operations in US: FBI director

Hindustan Times  

FBI Director Chris Wray is raising national security concerns about TikTok, warning Friday that control of the popular video sharing app is in the hands of a Chinese government “that doesn't share our values.” FBI Director Christopher Wray speaks at the Gerald R. Ford School of Public Policy at the University of Michigan on Friday. Wray said the FBI was …

FBI director raises national security concerns about TikTok
2 years, 3 months ago

FBI director raises national security concerns about TikTok

Deccan Chronicle  

Washington: FBI Director Chris Wray is raising national security concerns about TikTok, warning Friday that control of the popular video sharing app is in the hands of a Chinese government that doesn't share our values. US officials and the company are now in talks over a possible agreement that would resolve American security concerns, a process that Wray said was …

FBI director raises national security concerns about TikTok
2 years, 3 months ago

FBI director raises national security concerns about TikTok

Associated Press  

WASHINGTON — FBI Director Chris Wray is raising national security concerns about TikTok, warning Friday that control of the popular video sharing app is in the hands of a Chinese government “that doesn’t share our values.” Wray said the FBI was concerned that the Chinese had the ability to control the app’s recommendation algorithm, “which allows them to manipulate content, …

The FBI alleges TikTok poses national security concerns
2 years, 4 months ago

The FBI alleges TikTok poses national security concerns

NPR  

The FBI alleges TikTok poses national security concerns Enlarge this image toggle caption Chip Somodevilla/Getty Images Chip Somodevilla/Getty Images The head of the FBI says the bureau has "national security concerns" about the U.S. operations of TikTok, warning that the Chinese government could potentially use the popular video-sharing app to influence American users or control their devices. Sponsor Message "They …

TikTok’s ties to China are once again under fire in Washington. Here’s why
2 years, 7 months ago

TikTok’s ties to China are once again under fire in Washington. Here’s why

CNN  

CNN Business — Two years after then-President Donald Trump said he would ban TikTok in the United States through an executive order, the short-form video platform is once again under scrutiny in Washington. The reporting cited leaked audio recordings of dozens of internal TikTok meetings, including one where a TikTok employee allegedly said, “Everything is seen in China.” In a …

Senators seek update on U.S. security review of TikTok
2 years, 9 months ago

Senators seek update on U.S. security review of TikTok

The Hindu  

A group of six Republican senators on Friday asked U.S. Treasury Secretary Janet Yellen about an ongoing Biden administration national security review of social media platform TikTok. The U.S. government's Committee on Foreign Investment in the United States, which reviews deals by foreign acquirers for potential national security risks, in 2020 ordered Chinese parent company ByteDance to divest TikTok because …

US Senators Want Update On Security Review of TikTok's Operations In The Country
2 years, 9 months ago

US Senators Want Update On Security Review of TikTok's Operations In The Country

News 18  

WASHINGTON: A group of six Republican senators on Friday asked U.S. Treasury Secretary Janet Yellen about an ongoing Biden administration national security review of social media platform TikTok. The U.S. government's Committee on Foreign Investment in the United States, which reviews deals by foreign acquirers for potential national security risks, in 2020 ordered Chinese parent company ByteDance to divest TikTok …

China state firms invest in TikTok sibling, Weibo chat app
3 years, 7 months ago

China state firms invest in TikTok sibling, Weibo chat app

Associated Press  

The Chinese government has made investments in two of the nation’s most significant technology firms — ByteDance, the Chinese company that owns global video app TikTok, and Weibo, China’s version of Twitter — in a move apparently intended to bolster its sway over the nation’s flourishing technology sector. In April, ByteDance sold a 1% stake in its Chinese subsidiary, Beijing …

China state firms invest in TikTok sibling, Weibo chat app
3 years, 7 months ago

China state firms invest in TikTok sibling, Weibo chat app

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Chinese government has made investments in two of the …

Report: TikTok sale pushed by Trump is shelved
4 years, 1 month ago

Report: TikTok sale pushed by Trump is shelved

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Biden administration has “indefinitely” shelved a proposed U.S. takeover …

Trump Seems to Have Forgotten About His TikTok Ban
55 years, 2 months ago

Trump Seems to Have Forgotten About His TikTok Ban

Slate  

Remember when the Trump administration moved to ban TikTok, calling it a “national emergency”? The first order prevented app-store downloads of TikTok and WeChat after Sept. 20, and the second banned U.S. companies from making business deals with ByteDance after Nov. 12. “In the nearly two months since the President gave his preliminary approval to our proposal to satisfy those …

TikTok sues Trump administration over looming US ban
4 years, 7 months ago

TikTok sues Trump administration over looming US ban

CNN  

Washington CNN Business — TikTok sued the Trump administration Monday in response to what it said is a “heavily politicized” executive order that seeks to ban the short-form video app from the United States. “But with the Executive Order threatening to bring a ban on our US operations — eliminating the creation of 10,000 American jobs and irreparably harming the …

US treasury to advise Trump on TikTok this week, says Mnuchin
4 years, 8 months ago

US treasury to advise Trump on TikTok this week, says Mnuchin

Live Mint  

US treasury secretary Steve Mnuchin said on Wednesday that TikTok was under a national security review and that his agency would make a recommendation to the president about the popular Chinese-owned video-sharing app this week. The comments marked the first time the US government has acknowledged that TikTok was under review by the Committee on Foreign Investment in the US, …

TikTok owner ByteDance moves to shift power out of China: Report
4 years, 10 months ago

TikTok owner ByteDance moves to shift power out of China: Report

Live Mint  

BEIJING/NEW YORK/WASHINGTON : TikTok's poaching of Disney's Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its centre of power away from China at a time of rising global tensions, several people familiar with the plans said. The short video app's parent company ByteDance has quietly made …

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