New E.O. Revokes TikTok and WeChat Prohibitions, But Lays Fr

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Yesterday, President Biden signed an Executive Order (“E.O.”) that formally revokes and replaces three earlier E.O.s that aimed to restrict transactions with TikTok, WeChat, and other communications and Fintech applications and provides a new framework to address security concerns related to the information and communications technology and services (“ICTS”) supply chain.  The new E.O. was issued pursuant to the ongoing national emergency declared in the 2019 E.O. 13873 regarding ICTS in the United States that are controlled by persons within the jurisdiction of a “foreign adversary,” including China.

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