Wait, where's the Facebook/Meta ban? Is unlawful data collection only unlawful if it's done under a foreign adversary? I guess not to the US Government where their interests align with adversarial data collection practices against its own people.
I know, I was pointing out it's not really about data collection because we allow manipulative practices with our own people. We are our own worst enemy. Meaning government and corporations want that power over our people. They are protecting interests that run counter to the will of the people.
I support any ban on social media platforms because control of the public's data belongs in the hands of individuals.
The law does not care about who financially owns the company, only about designations of control made by the president (along with a 30 day notice).
The law actually skips this step for ByteDance / TikTok and directly adds them to the list of "Foreign Adversary Controlled Applications" along with the enactment of the law.
The argument is that China has a https://en.wikipedia.org/wiki/Golden_share in Bytedance; that despite only owning (on paper) 1% or whatever, they still have effective control over the whole company, if they so desire.
(I don't know if that's true, but it strikes me as plausible)
edit: you can make an analogy to e.g. Meta - Zuckerberg doesn't strictly own a majority, but he does have very strong control because of the particular corporate structure.
It's not about data collection, it's about being able to manipulate viewpoints based on that collection and access to people's eyeballs.
Facebook / Meta are not controlled by a foreign adversary as designated by the "Protecting Americans from Foreign Adversary Controlled Applications Act". Thus they cannot become subject to the distribution restrictions designated by that law.
The core factor in the law is control by a foreign adversary, it's not a law that outlaws data collection.