'New Bipartisan Bill In Senate Could Address TikTok Security Concerns Without A Ban' - CNN
Portfolio Pulse from Benzinga Newsdesk
A bipartisan bill in the US Senate aims to address TikTok security concerns without a ban by blocking companies from transferring Americans' personal data to countries like China. The bill, led by Senators Ron Wyden and Cynthia Lummis, would subject exports of US data to licensing requirements. It would apply to thousands of companies, including data brokers and social media firms.
June 14, 2023 | 1:16 pm
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Amazon may be affected by the bipartisan Senate bill that aims to block data transfers to countries like China, as it could subject exports of US data to licensing requirements.
The bill would apply to thousands of companies, including data brokers and social media firms. Although Amazon is not directly mentioned in the article, it is a major player in the tech industry and could be affected by the new licensing requirements for data exports.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Google may be affected by the bipartisan Senate bill that aims to block data transfers to countries like China, as it could subject exports of US data to licensing requirements.
The bill would apply to thousands of companies, including data brokers and social media firms. Although Google is not directly mentioned in the article, it is a major player in the tech industry and could be affected by the new licensing requirements for data exports.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Alphabet, Google's parent company, may be affected by the bipartisan Senate bill that aims to block data transfers to countries like China, as it could subject exports of US data to licensing requirements.
The bill would apply to thousands of companies, including data brokers and social media firms. Although Alphabet is not directly mentioned in the article, it is a major player in the tech industry and could be affected by the new licensing requirements for data exports.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Meta Platforms may be affected by the bipartisan Senate bill that aims to block data transfers to countries like China, as it could subject exports of US data to licensing requirements.
The bill would apply to thousands of companies, including data brokers and social media firms. Although Meta Platforms is not directly mentioned in the article, it is a major player in the tech industry and could be affected by the new licensing requirements for data exports.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Rumble may be affected by the bipartisan Senate bill that aims to block data transfers to countries like China, as it could subject exports of US data to licensing requirements.
The bill would apply to thousands of companies, including data brokers and social media firms. Although Rumble is not directly mentioned in the article, it is a player in the tech industry and could be affected by the new licensing requirements for data exports.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Snap may be affected by the bipartisan Senate bill that aims to block data transfers to countries like China, as it could subject exports of US data to licensing requirements.
The bill would apply to thousands of companies, including data brokers and social media firms. Although Snap is not directly mentioned in the article, it is a player in the tech industry and could be affected by the new licensing requirements for data exports.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
The S&P 500 ETF (SPY) may be indirectly affected by the bipartisan Senate bill that aims to block data transfers to countries like China, as it could subject exports of US data to licensing requirements for major tech companies.
The bill would apply to thousands of companies, including data brokers and social media firms. Although the S&P 500 ETF (SPY) is not directly mentioned in the article, it tracks the performance of major tech companies that could be affected by the new licensing requirements for data exports, which may indirectly impact the ETF.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30