US President Biden said on Wednesday that he had signed a foreign aid bill worth a total of $95 billion (HKD 741 billion) on the day, making the bill officially become a law. The bill includes a provision that requires the social media TikTok to be divested from its Chinese parent company, ByteDance.
The bill stipulates that ByteDance has 9 to 12 months to sell TikTok, otherwise TikTok will be banned from operating in the US.
The US Senate passed a bill on Tuesday worth about $95 billion to provide to Ukraine, Israel, and Taiwan, China, etc. with a majority of affirmative votes. The bill also ties the use of frozen Russian assets to assist Ukraine and the mandatory divestiture of TikTok from ByteDance.
According to a statement issued by the White House on Wednesday, after Biden signed this bill, the US can start shipping weapons and equipment to Ukraine this week. It is reported that the bill includes providing Ukraine with more than $60 billion in aid and providing Israel with $26 billion in aid.
