‘Noise isn’t going away’ on TikTok bill: US policy expert

The House of Representatives voted 352 to 65 in favor of a bill that would force TikTok's parent company ByteDance to divest from the company or sell to a US-based company within 6 months. The likelihood of the bill passing through the Senate and landing on President Biden's desk has been called into question considering the timing of the presidential election and the usual slow reaction time from the Senate. Wolfe Research Head of US Policy and Politics Tobin Marcus joins Yahoo Finance to discuss the bill and what are the most likely next steps through Congress and beyond. When asked if it will ever get through the Senate and be signed into law, Marcus claims: "I think the realistic avenue for getting this done is the next annual defense policy bill, the so-called NDAA for FY [Fiscal Year] '25, which will get done sometimes after the election… that's a bill that happens every year, sort of one of the last bona fide bipartisan things that gets done. TikTok has some level of national security angle to it, it's not a defense policy question but it is somewhat germane…" For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino