Incorrect, the Bill is broad but it’s not any company for any reason.
The “PROTECTING AMERICANS’ DATA FROM FOREIGN ADVERSARIES ACT OF 2024” has this to say:
(a) Prohibition.—It shall be unlawful for a data broker to sell, license, rent, trade, transfer, release, disclose, provide access to, or otherwise make available personally identifiable sensitive data of a United States individual to— (1) any foreign adversary country; or (2) any entity that is controlled by a foreign adversary. (b) Enforcement By Federal Trade Commission.— (1) UNFAIR OR DECEPTIVE ACTS OR PRACTICES.—A violation of this section shall be treated as a violation of a rule defining an unfair or a deceptive act or practice under section 18(a)(1)(B) of the Federal Trade Commission Act (15 U.S.C. 57a(a)(1)(B)). (2) POWERS OF COMMISSION.— (A) IN GENERAL.—The Commission shall enforce this section in the same manner, by the same means, and with the same jurisdiction, powers, and duties as though all applicable terms and provisions of the Federal Trade Commission Act (15 U.S.C. 41 et seq.) were incorporated into and made a part of this section. (B) PRIVILEGES AND IMMUNITIES.—Any person who violates this section shall be subject to the penalties and entitled to the privileges and immunities provided in the Federal Trade Commission Act. (3) AUTHORITY PRESERVED.—Nothing in this section may be construed to limit the authority of the Commission under any other provision of law.
and then like a bunch of pages of hyper-specific definitions for the above terms.
bassomitron@lemmy.world 6 months ago
And that’s really what most politicians care about. Meta and Co. are butthurt that the new dopamine dealer on the block is cutting so ruthlessly into their numbers, especially among the younger generations. Normally, Meta et. al. would just engage in their typical antitrust behavior and buy them out, but they can’t because a) ByteDance doesn’t need them or their money and b) I’d be surprised if China let them sell such a valuable tool willingly.
This is just protectionism under the guise of national security, plain and simple. We’ve heard, “oh but national security!!!” countless times before, and if this was truly the main concern, they’d be going after all the other blatantly egregious privacy snoopers as well.