HAPPENING NOW: TikTok CEO Shou Chew testifies before the House Energy and Commerce Committee on data privacy concerns.
TikTok CEO Shou Zi Chew will likely encounter sharp criticism from some members of the Republican-led House committee, which oversees energy and commerce.The House Foreign Affairs Committee, a separate body, voted earlier this month to approve a bill that would give Biden the authority to ban TikTok.
Stiffening its stance further, the Biden administration last week demanded that TikTok's owner, ByteDance, sell its stake in the app or risk getting banned, the company and a U.S. official previously told ABC News.TikTok CEO Shou Zi Chew will address a potential ban, outlining how such a measure would ultimately harm the U.S. economy, according to his prepared remarks posted on the House committee's website.
"We do not believe that a ban that hurts American small businesses, damages the country's economy, silences the voices of over 150 million Americans, and reduces competition in an increasingly concentrated market is the solution to a solvable problem," the prepared remarks say.
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