The US government is tracking a growing number of foreign-linked business transactions that pose potential data risks to national security similar to those raised by TikTok, Treasury Secretary Janet Yellen told lawmakers
At a House Appropriations Committee hearing, Yellen said regulators charged with screening foreign investment deals for national security risks have witnessed a rise in such cases, but she declined to discuss specifics. “When it comes to data, we’re seeing an increasing number of cases that do present risks around this issue of the type that have been mentioned in connection with TikTok,” Yellen told Iowa Republican Rep. Ashley Hinson.
Chew struggled to convince hostile Democrats and Republicans that TikTok user data will be secure from Chinese government spying under an initiative called Project Texas, as lawmakers at times bluntly said they did not believe his promises. Yellen did not elaborate on CFIUS’ continuing negotiations with TikTok except to say that the litigation connected to the talks is still ongoing, after Hinson asked Yellen to explain the reasons for delay.
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