@cspanofficial: White House Press Secretary Karoline Leavitt on Monday said President Trump will sign a deal “later this week” to spin out an American version of TikTok, which aims to comply with a U.S. law forcing the app’s separation from its China-based parent company, ByteDance. “Under the terms of this deal, TikTok will be owned by a majority of American investors and controlled by a board of directors with extensive national security and cybersecurity credentials,” she told reporters. She said Oracle will serve as a security provider and store American users’ data while TikTok’s algorithm will be “secured, retrained and operated in the United States.” #whitehouse #karolineleavitt #tiktok #cspan