“President Biden revoked and replaced three E.O.s that aimed to prohibit transactions with TikTok, WeChat, and eight other communications and financial technology software applications,” the White House said in a statement, noting that two of the orders are “subject to litigation.”
“In their place, this E.O. directs the use of a criteria-based decision framework and rigorous, evidence-based analysis to address the risks posed by ICTS transactions involving software applications that are designed, developed, manufactured, or supplied by persons that are owned or controlled by, or subject to the jurisdiction of a foreign adversary, including the People’s Republic of China, that may present an undue or unacceptable risk to the national security of the United States and the American people,” the statement from the White House continued.
The news was first reported by the New York Times.