Saving TikTok While Protecting National Security
1. Purpose
This Executive Order aims to facilitate a qualified divestiture of TikTok to ensure it is managed in a way that alleviates national security concerns while allowing American users to continue using the application.
2. Key Actions And Directives
- Initiate Qualified Divestiture Process: Direct TikTok to execute a transaction that results in the application being controlled by a majority of U.S. persons.
- Enforce Temporary Suspension of the Act: The Attorney General is prohibited from enforcing the Protecting Americans from Foreign Adversary Controlled Applications Act for 120 days from the date of this order.
- Establish Safeguards for U.S. User Data: Ensure data protection measures are in place to minimize foreign adversary influence, including limiting foreign ownership to less than 20%.
3. Important Points
- Involvement of Vice President: The Vice President leads the interagency process to determine the terms of the qualified divestiture.
- Revocation of Previous Memorandum: The Executive Order revokes the Presidential Memorandum of July 24, 2024, related to the Act.
- National Security Concerns Addressed: The Act was legislated due to concerns over TikTok's foreign ownership and its implications for U.S. national security.
- User Data Protection: New safeguards aim to ensure that sensitive data of American users is not controlled or stored by foreign adversaries.
- Joint Venture Operations: A new joint venture will manage TikTok's U.S. operations, primarily owned by American interests, enhancing oversight and security.
Disclaimer: ExecBrief's are AI generated, Please verify with the original source to confirm
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