HB4927: ACES Act of 2023 Anti-CCP Espionage via Social Media Act of 2023
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To require ByteDance to divest itself of certain assets, and to require the Committee on Foreign Investment in the United States to review certain business relationships between ByteDance and United States businesses, and for other purposes.
Plain-language summary
The ACES Act of 2023 would require ByteDance, a Chinese company that owns TikTok, to sell certain assets. The bill would also direct a federal called CFIUS to review business deals between ByteDance and U.S. companies. CFIUS reviews foreign investments in the United States for national security risks. The bill was introduced in Congress but has not yet been voted on or moved through the legislative process.
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HB4927: ACES Act of 2023 Anti-CCP Espionage via Social Media Act of 2023
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Sponsors
Lisa McClain
Primary SponsorCo-sponsors (12)
Brian Babin
Jack Bergman
Clay Higgins
James Baird
Patrick Fallon