Deputy Attorney General Lisa Monaco warned
on Thursday, saying that the "perils of Chinese companies being subject to Chinese national security laws" pose a threat to personal privacy and national security. , which require turning over data to the state. There is a reason we need to be very concerned," Monaco said during a policy discussion at the Chatham House in London. TikTok, an enormously popular
owned by Chinese company ByteDance, has been in discussions with the Committee on Foreign Investment in the U.S. since 2019 about potentially separating the American side of its business.TikTok spokesperson Brooke Oberwetter told Fox Business on Thursday that the company wants the CFIUS to, which would involve granting U.S. officials some oversight of its algorithms.
"Project Texas puts U.S. user data out of reach of any foreign government," Oberwetter said. "The swiftest and most thorough way to address national security concerns about TikTok is for CFIUS to adopt the proposed agreement that we worked with them on for nearly two years."
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