(Bloomberg) — TikTok is heading to its moment of truth in Washington, with Congress on a fast track to approve a bill aimed at forcing the social-media platform’s Chinese parent ByteDance Ltd. to divest its controversial ownership stake.
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Speaker Mike Johnson plans to include TikTok divestiture legislation already passed by the House in a fast-moving aid package for Ukraine and Israel that the chamber is set to clear on Saturday. The Senate is expected to quickly take up the measure, and President Joe Biden promised Wednesday to sign it immediately.
If signed into law, the bill would deliver a significant blow to a video-sharing app used by as many as 170 million Americans. Its enactment would also mark a major…
