Senator Warner says new Trump TikTok extension may violate law

Senator
The reported deal "would preserve a material, operational role for ByteDance by not only allowing it to retain a significant equity stake in the divested entity, but also an active role in technology development and maintenance," he said.
Trump on Friday said he extended by 75 days a deadline for ByteDance to sell U.S. assets of the popular short video app to a non-Chinese buyer, or face a ban that was supposed to have taken effect in January under a 2024 law.
The
The deal would spin off TikTok's U.S. operations into a new company based in the U.S. and majority-owned and operated by U.S. investors. The plan entails spinning off a U.S. entity for TikTok and diluting Chinese ownership, sources have told Reuters.
"Any qualified divestiture must ensure a clean operational break from
Warner said the "deal being discussed undermines confidence that the divested app can be trusted to protect national security and ensure compliance with the law."
Trump has said his administration was in touch with four different groups about a prospective TikTok deal.
A major stumbling block to any deal for TikTok's U.S. business is Chinese government approval.
Some lawmakers have said Trump must enforce the law, which had required TikTok to stop operating by
(Reporting by
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