Biden to Sign Historic Bill! Read to know

President Joe Biden is poised to enact a landmark bill on Wednesday, signaling a historic moment in US foreign aid policy. The legislation, passed by the Senate with a vote of 79-18 following overwhelming support in the House, includes provisions that could lead to the banning of TikTok in the US unless its China-based owner, ByteDance, sells its stake within a year. With over 170 million American users, TikTok's response to the potential ban remains uncertain, although its head of public policy for the Americas, Michael Beckerman, indicated plans for a legal challenge.

Biden, in a statement from the White House, emphasized the bipartisan effort behind the bill and pledged swift action upon its arrival on his desk. Highlighting the pressing global needs, Biden underscored the urgency in providing assistance to Ukraine amidst Russian aggression, supporting Israel following recent attacks, aiding refugees, and bolstering security in the Indo-Pacific region. The bill grants ByteDance nine months to facilitate a sale, with a potential 90-day extension. The impending signing of the bill underscores the administration's commitment to addressing critical global challenges.