The Committee on Foreign Investment in the United States extended by one year the effective date for one of the criteria under the definitions of "Excepted Foreign State" and "Excepted Real Estate Foreign State."
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President Trump issued an Executive Order directing ByteDance Ltd., the Chinese-owned parent company of social networking application TikTok, to divest its U.S. assets within 90 days.
President Trump's threatened Executive Order "banning" social media application TikTok prompted Microsoft to announce that it would "continue discussions to explore a purchase of TikTok in the United States."
President Trump issued an Executive Order establishing the Committee for the Assessment of Foreign Participation in the United States Telecommunications Services Sector.
In an Executive Order, President Trump blocked a Chinese technology company's acquisition of StayNTouch, Inc., a U.S. software company.