US President Joe Biden signed the law which will provide aid to Israel, Ukraine and Taiwan, along with making Chinese TikTok parent company ByteDance sell its social media platform.
A six-month upheaval of intense political wars on Capitol Hill leading to a deadlock on foreign aid has ended with Biden’s official approval, according to CNBC.
“The path to my desk was a difficult path. It should have been easier and it should’ve gotten there sooner,” Biden said Wednesday after signing the bill. “But in the end, we did what America always does, we rose to the moment.”
After the House passed the bill on Saturday, Biden had indicated his ambition to make it into a law.
Moreover, in an overwhelmingly bipartisan 79-18 vote the Senate gave its own greenlight late Tuesday night, and then sent it to the US President’s desk for his signature.
The law sets up roughly $60 billion in aid for Ukraine, $26 billion for Israel and $8 billion for security in Taiwan and the Indo-Pacific.
Additionally, It also requires ByteDance to sell TikTok within nine months or a year in case Biden invokes a 90-day extension, and if the Chinese company does not follow this, it will else face a nationwide ban in the US.
Notably, TikTok has already promised to fight this.
“This unconstitutional law is a TikTok ban, and we will challenge it in court,” the company wrote in a Wednesday statement on X following Biden’s signing.
“This ban would devastate seven million businesses and silence 170 million Americans,” it added.