Connect with us

Hi, what are you looking for?

Stock

US lawmakers urge Biden to extend TikTok Jan. 19 ban deadline

By David Shepardson

WASHINGTON (Reuters) -Two Democratic lawmakers on Monday urged Congress and President Joe Biden to extend a Jan. 19 deadline for China-based ByteDance to sell the U.S. assets of TikTok or face a U.S. ban.

The Supreme Court held arguments Friday on Tiktok and ByteDance’s challenge to the law. A lawyer for the companies, Noel Francisco, said it would be impossible to complete a sale by next week’s deadline.

He said if banned, the the short video app used by 170 million Americans would quickly go dark and “essentially the platform shuts down.”

Biden could extend the deadline by 90 days if he certifies ByteDance is making substantial progress toward a divestiture but it is unlikely ByteDance could meet that standard.

Senator Edward Markey said he planned to introduce legislation to delay the deadline by which ByteDance must sell TikTok or face a ban by an additional 270 days.

“A ban would dismantle a one-of-a-kind informational and cultural ecosystem, silencing millions in the process,” Markey said Monday.

“A TikTok ban would impose serious consequences on millions of Americans who depend on the app for social connections and their economic livelihood. We cannot allow that to happen.”

President-elect Donald Trump has asked the court to delay implementation of the law, arguing he should have time after taking office on Jan. 20 to pursue a “political resolution” to the issue.

Representative Ro Khanna, a Democrat, on Monday urged Biden and Trump “to put a pause on this ban so 170 million Americans don’t lose their free speech. Millions of Americans’ livelihood will be ended if this ban takes place.”

If the court does not block the law by Sunday, new downloads of TikTok on Apple (NASDAQ:AAPL) or Google (NASDAQ:GOOGL) app stores would be banned but existing users could continue to access the app for some period. Services would degrade and eventually stop working as companies will be barred from providing support.

The White House did not immediately comment.

This post appeared first on investing.com






    You May Also Like

    Economy

    A U.N. human rights group confirmed Hamas’ leader in Lebanon, who was recently killed by Israeli strikes, was their employee.  Fateh Sherif was killed...

    Investing

    Astron (ASX:ATR) and Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU) have completed the establishment of a joint venture to advance the Australia-based Donald rare earths and mineral sands...

    Editor's Pick

    Sen. JD Vance (R-Ohio) and Minnesota Gov. Tim Walz (D) will face off Tuesday night at a CBS News vice-presidential debate in New York....

    Latest News

    A North Korean defector who escaped to the South more than a decade ago was detained after attempting to cross back into North Korea...

    Disclaimer: balanceandcharge.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 balanceandcharge.com