HR 4927 United States House · 118th Congress

ACES Act of 2023

The ACES Act of 2023 requires ByteDance (TikTok's Chinese parent company) to divest all U.S. assets related to TikTok - including user data collected in the United States - within 90 days of enactment, with possible 30-day extensions. It mandates weekly compliance reports to CFIUS, a final data destruction certification, and prohibits U.S. app stores or internet services from supporting TikTok operations after a 45-day grace period. The bill directly affects ByteDance and TikTok, forcing separation of U.S. operations from Chinese ownership to address national security concerns. CFIUS oversees verification, including facility inspections and audits, to ensure full compliance with the divestment requirements.

Issues: ✓ Technology

Bill status in committee 1 of 4 stages cleared

Introduction

Jul 2023

Committee Review

Floor Vote

President

Introduced Jul 26, 2023 Last action Jul 28, 2023

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Committee

Jul 28, 2023

Committee

Referred to the Subcommittee on Innovation, Data, and Commerce.

lower

Jul 26, 2023

Committee

Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

lower

Jul 26, 2023

Introduced

Introduced in House

lower

1 primary · 12 co-sponsors