White House: No New ‘Proactive Step’ on TikTok Deal Under Biden

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From Epoch Times:
WASHINGTON—The White House said on Wednesday it has an ongoing review of the risks TikTok may present to U.S. data but stressed it has taken no new “proactive step” related to a pending plan for the Chinese-owned company’s American operations to be acquired by U.S. investors. The Wall Street Journal reported earlier on Wednesday that the U.S. plan had been shelved indefinitely. White House press secretary Jen Psaki told reporters “it is not accurate to suggest that there is a new proactive step by the Biden White House” related to TikTok, a popular social media video service. Psaki added “there is a rigorous CFIUS process that is ongoing” referring to the Committee on Foreign Investment in the United States (CFIUS), which reviews deals by foreign acquirers for potential national security risks. She offered no timetable for its completion. She said there is a comprehensive ongoing administration review of the “risks …
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