Concerns over national security brushed away by $100 million.
That’s how much TikTok’s parent company Bytedance spent on lobbying efforts in D.C. over a bill targeting TikTok.
Democratic Senator Mark Warner told Reuters that relentless lobbying quote ‘slowed a bit of our momentum’ on a bill introduced in March.
The legislation would grant the Commerce Department new authority to review, block, and address a range of transactions involving foreign parties that pose national security risks. The White House endorses those efforts.