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While other companies also have issues, TikTok goes further by having strong connection to the PRC:
Oh...so it's ok if a US company pushes political division, but if it's a foreign company then it's an issue?
It's more of an issue because it's a foreign company. For example, companies like Facebook (Meta) and Cambridge Analytica can be investigated and regulated by US agencies like the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC). But they have no sway over TikTok's developer ByteDance because it's located outside of the US.
That's what this bill is trying to do: force ByteDance to divest.
You're gunna turn into dust by the time the government regulates Meta. The only reason they care about TikTok so much is optics and the fact that a foreign company is abusing the system in the same way as the domestic social media companies. The fix isn't to divest ByteDance, the fix is to pass actual regulation with teeth that applies to domestic and foreign companies alike.