US President Joe Biden signed legislation that will provide aid to Israel, Ukraine and Taiwan, as well as sell its social media platform to Chinese TikTok parent company ByteDance.
The impasse over foreign aid that followed six months of intense political warfare on Capitol Hill has ended with Biden’s official approval. cnbc,
“The path to my desk was a difficult one. It should have been easier and it should have gotten there sooner,” Biden said after signing the bill on Wednesday. “But in the end, we did what America always does, we got to this point.”
After the House passed the bill on Saturday, Biden had signaled his ambition to sign it into law.
Additionally, the Senate, in an overwhelmingly bipartisan vote of 79-18, gave its green light late Tuesday night, and then sent it to the US President’s desk for his signature.
The legislation earmarks approximately $60 billion for Ukraine, $26 billion for Israel, and $8 billion for security in Taiwan and the Indo-Pacific.
Additionally, ByteDance is also required to sell TikTok within nine months or a year if Biden calls for a 90-day extension, and if the Chinese company does not comply, it could face a nationwide ban in the US. have to do it.
It is worth noting that TikTok has already promised to fight this.
“This unconstitutional law is a TikTok ban, and we will challenge it in court,” the company wrote in a Wednesday statement on X following Biden’s signature.
It says, “This ban would devastate seven million businesses and leave 170 million Americans out of business.”
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