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Senate passes TikTok ban bill, sending it to Biden, who has already committed to signing it
(www.theverge.com)
This is a most excellent place for technology news and articles.
You are missing the point. If somebody is gonna profit in any way from US citizens, the US oligarchs want their cut. If it was about controlling information, it would specifically mention about that and what is to be done about it. Making the company be US controlled increases the reach of government on it, yes, but it doesn't gaurantee or enforce it in any way. The thing it gaurantees is where the money will end up.