FILE - Former Treasury Secretary Steve Mnuchin speaks with reporters outside the White House, March 29, 2020, in Washington. The House bill, passed by a vote of 352-65, now goes to the Senate, where its prospects are unclear. Asked whether the Mnuchin consortium could assuage national security concerns about TikTok, White House national security spokesman John Kirby said the administration was focused on providing “context and information” to the Senate. If passed and signed into law, the House bill would give ByteDance 180 days to sell the platform to a buyer that satisfies the U.S. government. When Mnuchin was Treasury secretary, the Trump administration brokered a deal in 2020 that would have had U.S. corporations Oracle and Walmart take a large stake in TikTok on national security grounds.

Source: Los Angeles Times March 14, 2024 17:45 UTC