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The Latest Breaking News from CFIUS

Biden administration endorses new TikTok bill, calls for swift passage

WASHINGTON — The White House endorsed a bipartisan bill that could give the president authority to ban or force a sale of TikTok, support that could hasten passage and break a deadlock over how to address privacy concerns around the popular Chinese-owned app.

Tribune News Service

‘Spy balloon in your phone’: growing calls to ban TikTok threaten its future

US legislation could block the social media app as fears of Chinese state surveillance increase

The Guardian - UK

Lawmakers stumble on data privacy as another tech CEO to testify

WASHINGTON — House lawmakers are set to meet next month with the CEO of TikTok at a hearing to probe whether one of the most popular apps in the world shares Americans’ data with China and whether it harms young children, the latest face-off between members of Congress and the…

Tribune News Service

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China’s Tech Money Is Now Radioactive

Washington is increasingly concerned about China poaching U.S. technology.

Foreign Policy

Lawmakers stumble on data privacy as another tech CEO to testify - Roll Call

With TikTok's CEO set to testify before a committee next month, Congress has struggled to fashion data privacy legislation.

Roll Call

TikTok CEO to testify before US Congress next month over data privacy

Shou Zi Chew will face legislators amid concerns over the social media app’s alleged collusion with Beijing in accessing user data

The Guardian - US

Politicians are rushing to ban TikTok on government devices—but they’re mostly silent about your cell phone

The movement to keep the ByteDance-owned app off of government hardware distracts from bigger questions about TikTok in the U.S.

Fortune

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A US state asked for evidence to ban TikTok. The FBI offered none

Emails show officials in the state of Connecticut opted not to ban the Chinese-owned app after consulting with the FBI.

Al Jazeera

Congress is about to ban TikTok from U.S. government phones

A ban on Chinese-owned TikTok for government devices is in a new spending bill. It will not affect most of the 100 million U.S. users of the app, but it is a major anti-TikTok escalation by the U.S.

WEKU

TikTok security deal’s prospects are clouded by FBI’s doubts, state bans

WASHINGTON — The Biden administration is facing new roadblocks in its effort to address the national security concerns around TikTok after the FBI warned about the dangers of the Chinese-owned video-sharing app and five states banned it from employee phones.

Tribune News Service

EU raises prospect of big fine or ban if Twitter fails to follow new legislation

Elon Musk has been warned he has ‘huge work ahead’ to comply with the EU’s Digital Services Act

The Guardian - UK

The Empire Strikes Back, at Elon

Episode 431 of the Cyberlaw Podcast

Reason

The FBI alleges TikTok poses national security concerns

The FBI is concerned that the Chinese government could use TikTok to influence American users or control their devices. The company is working with the U.S. government towards a security agreement.

WEKU

Biden says Musk’s ties to other countries should be ‘looked at’ over national security concerns

Boss of Tesla, SpaceX and Twitter has financial and commercial links to China and Saudi Arabia among others

The Independent UK

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Roll Call

Murphy urges security review of Saudi stake in Twitter - Roll Call

Sen. Murphy seeks a security review of a Saudi stake in Twitter, saying a foreign power could influence a government communications tool.

Axios

Interview: FCC commissioner says government should ban TikTok

It's the strongest language Carr has used to-date to urge action on TikTok.

Axios

Elon Musk and Twitter's Saudi situation

Elon Musk's Twitter purchase is one to watch for any U.S. tech company that’s taken Saudi money.

The Guardian - UK

White House denies talk of national security review of Elon Musk ventures

Report cites concerns over foreign investors funding Twitter takeover and increasingly strategic role in Ukraine of Starlink

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The Times of India

US mulls security reviews for Elon Musk deals, including Twitter buy

WASHINGTON: Biden administration officials are discussing whether the US should subject some of Elon Musk’s ventures to national security reviews, including the deal for Twitter Inc and SpaceX’s Starlink satellite network, according to people familiar with the matter.

Reuters

Biden tells foreign investment panel to screen deals for data, cyber risks

U.S. President Joe Biden on Thursday directed the committee that reviews foreign investment for national security risks to sharpen its focus on threats to sensitive data, cyber security and areas such as microelectronics and artificial intelligence.

The Independent UK

Biden order to sharpen foreign investment screening process

President Joe Biden is set to sign an executive order that aims to sharpen the national security considerations taken in the federal government’s review process for foreign investment in the United States

Reason

Is This Podcast Sentient?

Episode 413 of the Cyberlaw Podcast

The Guardian - UK

Gay dating app Grindr to float in $2.1bn deal

Company, which has 10.8 million monthly active users, aims to hire LGBTQ+ chief executive

Bangkok Post

Gay dating app Grindr to go public in $2.1bn Spac deal

Gay dating app Grindr said on Monday it would go public through a merger with a blank-check acquisition firm - a deal that values it at $2.1 billion (72 billion baht) and features Tiga Investments CEO Raymond Zage on both sides of the transaction.

Benzinga

TuSimple Paves The Way For Its Truck Technology Commercialization

Key Takeaways: TuSimple announced that co-founder and CTO Hou Xiaodi will take over as the company’s chairman and CEO Company’s shares lost two-thirds of their value in the two days after the announcement, closing at a post-IPO low By Doug Young

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