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ACES Act of 2023

USA118th CongressHR-4927| House 
| Updated: 7/28/2023
Lisa C. McClain

Lisa C. McClain

Republican Representative

Michigan

Cosponsors (12)
Clay Higgins (Republican)James R. Baird (Republican)Pat Fallon (Republican)Nancy Mace (Republican)George Santos (Republican)Nicholas A. Langworthy (Republican)Mary E. Miller (Republican)Ralph Norman (Republican)Jack Bergman (Republican)Brian Babin (Republican)Michael Guest (Republican)Vern Buchanan (Republican)

Foreign Affairs Committee, Financial Services Committee, Commerce, Manufacturing, and Trade Subcommittee, Energy and Commerce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

HR 117-7524
ACES Act

Bill from Previous Congress

HR 117-7391
ACES Act

Bill from Previous Congress

HR 117-3057
ACES Act of 2021
Jul 26, 2023
Introduced in House
Jul 26, 2023
Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jul 28, 2023
Referred to the Subcommittee on Innovation, Data, and Commerce.
Apr 11, 2024

Latest Companion Bill Action

S 118-4111
Introduced in Senate
  • Bill from Previous Congress

    HR 117-7524
    ACES Act


  • Bill from Previous Congress

    HR 117-7391
    ACES Act


  • Bill from Previous Congress

    HR 117-3057
    ACES Act of 2021


  • July 26, 2023
    Introduced in House


  • July 26, 2023
    Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.


  • July 28, 2023
    Referred to the Subcommittee on Innovation, Data, and Commerce.


  • April 11, 2024

    Latest Companion Bill Action

    S 118-4111
    Introduced in Senate

Foreign Trade and International Finance

Accounting and auditingAsiaChinaCivil actions and liabilityCongressional oversightForeign and international corporationsGovernment information and archivesGovernment studies and investigationsInternet, web applications, social mediaPresidents and presidential powers, Vice PresidentsU.S. and foreign investments

ACES Act of 2023

USA118th CongressHR-4927| House 
| Updated: 7/28/2023
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 117-7524
ACES Act

Bill from Previous Congress

HR 117-7391
ACES Act

Bill from Previous Congress

HR 117-3057
ACES Act of 2021
Jul 26, 2023
Introduced in House
Jul 26, 2023
Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jul 28, 2023
Referred to the Subcommittee on Innovation, Data, and Commerce.
Apr 11, 2024

Latest Companion Bill Action

S 118-4111
Introduced in Senate
  • Bill from Previous Congress

    HR 117-7524
    ACES Act


  • Bill from Previous Congress

    HR 117-7391
    ACES Act


  • Bill from Previous Congress

    HR 117-3057
    ACES Act of 2021


  • July 26, 2023
    Introduced in House


  • July 26, 2023
    Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.


  • July 28, 2023
    Referred to the Subcommittee on Innovation, Data, and Commerce.


  • April 11, 2024

    Latest Companion Bill Action

    S 118-4111
    Introduced in Senate
Lisa C. McClain

Lisa C. McClain

Republican Representative

Michigan

Cosponsors (12)
Clay Higgins (Republican)James R. Baird (Republican)Pat Fallon (Republican)Nancy Mace (Republican)George Santos (Republican)Nicholas A. Langworthy (Republican)Mary E. Miller (Republican)Ralph Norman (Republican)Jack Bergman (Republican)Brian Babin (Republican)Michael Guest (Republican)Vern Buchanan (Republican)

Foreign Affairs Committee, Financial Services Committee, Commerce, Manufacturing, and Trade Subcommittee, Energy and Commerce Committee

Foreign Trade and International Finance

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Accounting and auditingAsiaChinaCivil actions and liabilityCongressional oversightForeign and international corporationsGovernment information and archivesGovernment studies and investigationsInternet, web applications, social mediaPresidents and presidential powers, Vice PresidentsU.S. and foreign investments