Is the TikTok Bill "Patriot Act 2.0"? #tiktok #technology #investing #business
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Episode Description
Full episode: https://youtu.be/uMajFsCkzxY
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Brief Summary
A bill targeting foreign apps raises concerns over vague language and potential overreach affecting individuals like Elon Musk and Donald Trump.
Key points
- Bipartisan Bill Concerns. A discussion on the bipartisan nature of a problematic bill.
- Vague Language in Legislation. The bill's vague language raises significant concerns about its implications.
- Potential Risks of the Bill. The bill could pose risks similar to the Patriot Act.
Transcript
there's an old saying in Washington that the worst ideas are bipartisan this bill doesn't just ban or Force the destor of Tik Tok it goes after what it calls foreign adversary controlled applications then you get to the provision that I think is the most problematic which is a person subject to the direction or control of a foreign person or entity the novel language here is where it says subject to the direction of in my view that's very vague a creative attorney general could try to say well wait a second if Elon has a major Tesla Factory in Shanghai is he subject to the direction of the Chinese Communist party because they
could influence him they could leverage him if Donald Trump is Accused on virtually a daily basis of being a Russian asset is he subject to the direction of Vladimir Putin I don't know how anyone can look at this language and not say it's too vague the bill poses a significant risk of being Patriot Act 2.0
