FCC chair Jessica Rosenworcel finds it shocking that U.S. law prevents foreign ownership of old media assets but has nothing to say about new media — including wildly popular TikTok, which is owned by a Chinese company. A bill passed by the House last month that would require parent ByteDance to divest TikTok or see the app banned appears to have stalled in the Senate. But if it ever “makes it to the President’s desk, he should absolutely sign it.”