TikTok is offering American regulators greater oversight of its platforms in an effort to remain operational in the U.S. The plan is called 'Project Texas.'
Rep. Liz McClain discusses how when users go on TikTok, they are giving all of their data to the CCP on ‘Fox Business Tonight.’is ramping up its lobbying and public relations efforts, vowing greater transparency with a new plan offering U.S. regulators more oversight of the Chinese-owned platform's handling of American users' data as it scrambles to avert being shut down in the U.S.
TikTok is taking its transparency plan,"Project Texas," directly to lawmakers and policymakers amid stalled talks with U.S. regulators.Committee on Foreign Investment in the U.S. , which evaluates national security risks associated with foreign-owned companies operating in the U.S. or foreign investments in American companies.
Since then, several states have banned the use of the social media app on state-owned devices, and Congress prohibited its use on federal government devices just weeks ago. Now, lawmakers likeA source close to the matter told FOX Business TikTok is pleading its case to lawmakers since CFIUS has gone quiet, likely due to the political pressure surrounding the company.
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TikTok tries to sell 'Project Texas' as it fights for survival in the U.S.Senior TikTok executives and their lobbyists have been briefing members of Congress, academic researchers, think tank writers and others about a $1.5 billion effort that they call Project Texas.
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TikTok's New Defense in Washington: Going on OffenseWASHINGTON — Last week, TikTok’s CEO, Shou Zi Chew, met with several influential think tanks and public interest groups in Washington, sharing details on how his company plans to prevent data on American users from ever leaving the United States. And the company’s lobbyists swarmed the offices of lawmakers who have introduced bills to ban the app, telling them that TikTok can be trusted to protect the information. TikTok, the popular Chinese-owned video app, has been in the crosshairs of U.S. re
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