TikTok ban bill is getting fast-tracked in Congress. Here's what to know.
CBSN
TikTok may be facing a crossroads sooner than later, with a divest-or-ban bill getting fast-tracked in Congress.
The bill, which would require TikTok's Chinese owner ByteDance either to sell the popular social media network or face a ban in the U.S., has been attached to an aid package for Ukraine and Israel, according to a memo issued by House Speaker Mike Johnson, a Republican from Louisiana.
"We expect the vote on final passage on these bills to be on Saturday evening," Johnson wrote in the memo to House Republicans.
President Biden on Monday signed into law a defense bill that authorizes significant pay raises for junior enlisted service members, aims to counter China's growing power and boosts overall military spending to $895 billion despite his objections to language stripping coverage of transgender medical treatments for children in military families.
It's Christmas Eve, and Santa Claus is suiting up for his annual voyage from the North Pole to households around the world. In keeping with decades of tradition, the North American Aerospace Command, or NORAD, will once again track Santa's journey to deliver gifts to children before Christmas 2024, using an official map that's updated consistently to show where he is right now.
An anti-money laundering law called the Corporate Transparency Act, or CTA, appears to have been given new life after an appeals court on Monday determined its rules can be enforced as the case proceeds. The law requires small business owners to register with the Financial Crimes Enforcement Network, or FinCEN, by Jan. 1, or potentially pay fines of up to $10,000.