Summary
The TikTok bill demands TikTok to divest from Chinese control or face penalties. It doesn't ban TikTok, but penalizes those aiding ByteDance in content distribution. It doesn't require a U.S. company to own TikTok, just that it can't be controlled by a 'foreign adversary country'. If passed, ByteDance must allow users to export all their content or face a fine. The bill gives TikTok 6 months to find a buyer.