Earlier quoted context omitted.
That's not what the concern of the bill is and it's completely transparent. Just read the first 2 pages of the bill and you can see the concern is, in the words of the bill, a "foreign adversary" and their ability to "sabotage or subversion of the design, integrity, manufacturing, production, distribution, installation, operation, or maintenance of information and communications technology products and services in th…
The real concerns, in order of importance, are: 1. This is a way of getting memes to the masses that we (the US political establishment) can't fully control. 2. Meta and others are getting their asses kicked revenue-wise by Tik Tok. Like any business, they'd use anything they could to fight back. Turns out they can use China fear mongering, so they are. 3. (Added) Believe it or not, there's nationalistic pride here.…
This is a holdover from the US supporting the development of industry in Japan to keep them from turning communist (which was a real threat back in the 60's and 70's)