H.R. 4927 · 118th Congress
ACES Act of 2023
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
McClainSponsor12 cosponsors · 12 R
R
Babin
JB
R
Bergman
JB
R
Baird
PF
R
Fallon
CH
R
Higgins
MM
R
Miller
RN
R
Norman
GS
R
Santos
MG
R
Guest
NL
R
Langworthy
NM
R
Mace
VB
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Buchanan7 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Anti-CCP Espionage via Social Media Act of 2023 or the ACES Act of 2023
What it does: CRS summary · Introduced in House · Jul 26, 2023
Anti-CCP Espionage via Social Media Act of 2023 or the ACES Act of 2023
This bill requires certain actions related to ByteDance Ltd., the Chinese parent company of TikTok (a video-sharing mobile application).
Specifically, the bill grants Executive Order 13942 the force and effect of law. That order prohibits certain transactions by any person subject to the jurisdiction of the United States with ByteDance. The bill provides statutory authority for that prohibition and specifies exceptions. Further, the bill establishes enforcement procedures and penalties for related violations.
The bill requires ByteDance, within 90 days of this bill's enactment, to divest itself of (1) any assets or property used to enable or support ByteDance's operation of the TikTok application in the United States, and (2) any data obtained or derived from TikTok application or Musical.ly application users in the United States. The bill outlines further requirements and procedures for such divestment.
The Committee on Foreign Investment in the United States (CFIUS) must review proposed sales or transfers by ByteDance to a third party. CFIUS may implement measures as necessary to verify compliance with the required divestment.
CFIUS must review and issue a report to the President on the relationship of each covered U.S. business with ByteDance to determine the effects of such relationship on U.S. national security. The President may take actions to suspend or prohibit the relationship.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: ACES Act of 2023
Also known as: Anti-CCP Espionage via Social Media Act of 2023
Latest action (Jul 28, 2023): Referred to the Subcommittee on Innovation, Data, and Commerce.
Policy area: Foreign Trade and International Finance · Origin: House · Introduced: Jul 26, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.