There is a Senate bill[1] called "S.85 - No TikTok on United States Devices Act", which is very short and seems to only do one thing, and that's ban TikTok. This bill is in committee.
There is another Senate bill[2], called "S.686 - RESTRICT Act", which is the one linked in this submission and is the one everyone is - imo rightly - quite concerned about, because a bunch of stuff seemingly unrelated to TikTok is getting the Department of Homeland Security treatment. TikTok isn't even mentioned in the text of the act. This bill is also in committee.
I'm honestly left wondering if the RESTRICT Act is being intentionally amplified as "The Bill to Ban TikTok", because of how shitty it is, to give people the means to say "no we shouldn't pass this if the cost of banning TikTok is Patriot Act Part Deux", when in reality we shouldn't pass this bill anyway because it sucks.
[1] https://www.congress.gov/bill/118th-congress/senate-bill/85/...
[2] https://www.congress.gov/bill/118th-congress/senate-bill/686...