Congress believes it is threatening TikTok and its parent company ByteDance with the Protecting Americans from Foreign Adversary Controlled Applications Act. But in reality, Congress is threatening America’s standing in the world as a safe place for investment and innovation. The bill requires TikTok’s parent company, ByteDance, to sell to America or one of our allies. If they refuse to sell or choose to sell to a “foreign adversary,” they will be shut down. Therefore, it’s not a ban, but an ultimatum. This bill would set a dangerous precedent and chill future investment if enacted. Foreign entrepreneurs would have to wonder if their country of origin could be next on America’s list of
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