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U.S., China to hold first AI talks within ‘weeks’ amid ongoing TikTok stalemate

Biden signs Israel, Ukraine, TikTok bill into law
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Biden signs Israel, Ukraine, TikTok bill into law
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BIDEN SIGNS ISRAEL, UKRAINE, TIKTOK BILL INTO LAW

Published Wed, Apr 24 202411:05 AM EDTUpdated Wed, Apr 24 202412:49 PM EDT
Rebecca Picciotto@beccpicc
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Key Points
 * President Joe Biden signed into law measures to provide aid to Israel,
   Ukraine and Taiwan, as well as force the divestiture of social media platform
   TikTok from its Chinese parent company ByteDance or face a national ban.
 * TikTok has vowed to challenge the measure legally.
 * Biden’s official approval ends a six-month saga of tense political battles on
   Capitol Hill over the foreign aid.

watch now
VIDEO2:1102:11
President Biden to sign bill that would potentially ban TikTok
Squawk on the Street


President Joe Biden on Wednesday signed into law measures to provide aid to
Israel, Ukraine and Taiwan, as well as to compel Chinese TikTok parent
company ByteDance to sell the social media platform or face a national ban.

Biden’s official approval ends a six-month saga of tense political battles on
Capitol Hill that led to a deadlock on the issue of foreign aid.



“The path to my desk was a difficult path. It should have been easier and it
should’ve gotten there sooner,” Biden said Wednesday after signing the bill.
“But in the end we did what America always does, we rose to the moment.”

Biden had signaled his intention to sign the bill into law after the House
passed the proposal on Saturday. The Senate gave its own green light late
Tuesday night in an overwhelmingly bipartisan 79-18 vote, sending it to Biden’s
desk for his signature.

US President Joe Biden speaks after signing the foreign aid bill at the White
House in Washington, DC, on April 24, 2024. 
Jim Watson | AFP | Getty Images

The law earmarks roughly $60 billion in aid for Ukraine, $26 billion for Israel
and $8 billion for security in Taiwan and the Indo-Pacific. It also requires
ByteDance to sell TikTok within nine months — or a year, if Biden invokes a
90-day extension — or else face a nationwide ban in the U.S.

TikTok has already vowed to fight the measure.

“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 signing.



“This ban would devastate seven million businesses and silence 170 million
Americans,” the company added in its statement.

TikTok CEO Shou Zi Chew posted a video response to the enactment of the TikTok
bill, calling it a “disappointing moment” and reiterating the company’s
commitment to challenge it.

Despite Biden’s official support of the TikTok bill, his 2024 reelection
campaign told NBC News Wednesday that it would continue using the social media
platform to reach voters for at least the next year. Notably, the nine-month to
one-year deadline for ByteDance allows it to maintain ownership of TikTok
through the November election.

Along with TikTok’s pushback, the bill had been the subject of heated political
attacks, including threats to oust House Speaker Mike Johnson, R-La., from
hardline Republicans like Rep. Marjorie Taylor Greene, R-Ga.

Those threats were part of the reason that Johnson stalled the foreign aid even
after the Senate, in February, passed a similar $95 billion version of the bill
to fund Ukraine, Israel and Taiwan. That bill, however, did not include the
TikTok provisions.

But last week, with that pink slip still looming, Johnson decided to end the
House’s foreign aid stalemate following Iran’s attempted strike on Israel on
April 13, which triggered fresh bipartisan pressure for the U.S. to help its
allies.

In the following days, Johnson put four separate bills to a House vote, three of
which would provide foreign aid to Ukraine, Israel and Taiwan and a fourth,
which would include other foreign policy proposals, such as the TikTok bill.

Though Johnson’s move came with professional risks, the speaker has so far stood
by it, boosted by public support from former President Donald Trump.

“I know that history is going to judge this well,” Johnson said Wednesday
morning in a radio interview on “The Hugh Hewitt Show.” “It was the right thing
to do.”


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