Saving TikTok While Protecting National Security
This executive order determines that a proposed divestiture of TikTok's U.S. operations qualifies under the Protecting Americans from Foreign Adversary Controlled Applications Act, creating a new U.S.-based joint venture with less than 20% foreign ownership. The order delays enforcement of the Act for 120 days to allow completion of the transaction, directs the Attorney General to issue protective guidance to providers, amends a 2020 divestment order related to ByteDance's acquisition of Musical.ly, and designates the Attorney General as the government's representative under the Framework Agreement.