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Code · BILL · 117th Congress · H.R. 3057 (Introduced in House) — To require ByteDance to divest itself of certain assets, and to require the Committee on Foreign Investment in the Un... · Sec. 8

Sec. 8. National Security review of business relationships with ByteDance

131 words·~1 min read·/bill/117/hr/3057/ih/section-8

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CFIUS shall— review the relationship of each covered United States business with ByteDance to determine the effects of such relationship on the national security of the United States; and issue a report to the President containing the findings of such review. After reviewing a report issued under paragraph
(1)with respect to a relationship, the President may take such action for such time as the President considers appropriate to suspend or prohibit the relationship if the relationship threatens to impair the national security of the United States. To the extent practicable, CFIUS and the President shall carry out a review of a relationship under this subsection in the same manner as a covered transaction is reviewed under section 721 of the Defense Production Act of 1950 ( 50 U.S.C. 4565 ).
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Sec. 8
National Security review of business relationships with ByteDance
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