The debate over whether Chinese-owned TikTok can operate in the U.S. is back with fervor, revealing more about the risk for Chinese stocks in a U.S. presidential election year. The committee that led the legislation on TikTok that passed the House of Representatives last week has another bill aimed at restricting Chinese biotech companies, among many policy proposals . Such considerations motivated Goldman Sachs analysts to update their model for measuring the level of risk from U.S.
unless its Chinese parent ByteDance sells it — was introduced in the House on March 5 and passed just over a week later. But as the TikTok bill now makes its way to the Senate, many analysts expect its momentum to slow. "A key issue for the Senate is that House bill is specific to TikTok, rather than a larger policy restriction on apps that pose potential national security risks," Raymond James analysts said in a note.
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