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Washington (AP) ― The House on Wednesday passed a bill that would lead to a nationwide ban of the popular video app TikTok if its China-based owner doesn't sell its stake, as lawmakers acted on concer...

(Bloomberg) -- TikTok’s Chief Executive Officer Shou Chew went to Capitol Hill Tuesday to lobby against a bill that would force the app’s Chinese parent to sell it or face a ban in the US.Most Read from BloombergStock Traders Bracing for Worst Shrug Off Hot CPI: Markets WrapEx-Wall Street Banker Takes On AOC in New York Democratic PrimaryOne of the Most Infamous Trades on Wall Street Is Roaring BackChina Has Never Canceled This Many Shipments of US WheatUS Core Inflation Tops Forecasts Again, Re

The House on Wednesday passed a bill that would lead to a nationwide ban of the popular video app TikTok if its China-based owner doesn't sell its stake, as lawmakers acted on concerns that the company's current ownership structure is a national security threat. The bill, passed by a vote of 352-65, now goes to the Senate, where its prospects are unclear. TikTok, which has more than 150 million American users, is a wholly owned subsidiary of Chinese technology firm ByteDance Ltd.

The House has passed a bill that would ban TikTok in the U.S. if its China-based owner doesn’t sell. Lawmakers are concerned the company’s current ownership structure is beholden to