Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after the U.S. House of Representatives passed H.R. 7521, the Protecting Americans from Foreign Adversary Controlled Applications Act.
“From sharing Americans’ data with the CCP to its impact on our nation’s children, TikTok poses a grave risk to our national security,” said Chairman McHenry. “Its actions in response to Congress considering this legislation make that even more clear. This targeted approach is the right way to combat the malign influence of the CCP without sacrificing core American values. It’s important to note that divestment and investment are two sides of the same coin. Today, the House overwhelmingly voted to facilitate the largest ever outbound investment involving China—the exact type of transaction some so-called ‘hawks’ want to restrict. I was proud to support this commonsense bill to protect Americans’ data and our national security from the CCP.”
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