00:00 It's Benzinga and here's what's on the block.
00:02 The House passed legislation that calls for ByteDance to divest ownership of TikTok or face an effective ban in the U.S. over national security concerns.
00:10 It passed the House with a 352 to 65 vote after the Energy and Commerce Committee unanimously approved it.
00:17 The bill now moves to the uncertain Senate where lawmakers appear divided on the issue.
00:21 Biden has said he would sign the bill if it passes while critics argue the bill would violate America's First Amendment rights.
00:27 Analysts say TikTok's U.S. business could fetch over $60 billion in forced sales.
00:31 For all things money, visit Benzinga.com.
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