For context, here are the powers the FCC has long exercised around foreign ownership of American radio stations [1].
[1] https://www.fcc.gov/general/foreign-ownership-rules-and-poli...
[1] https://www.fcc.gov/general/foreign-ownership-rules-and-poli...
Yes. Congress gave the FCC the power to block foreign control of American radio stations. Rebrand the TikTok bill as a 20% cap on foreign control of social media apps with a laundry list of exceptions (everyone but our adversaries) and it’s in the same ballpark.
> because the airwaves are a limited public resource
To grant licenses, sure. But the foreign ownership component is orthogonal to that. App stores are our new airwaves.
App stores aren’t limited except artificially
The point is this limitation is irrelevant. We've had foreign ownership limits on plenty of industries in America, radio is just the closest in being a literal medium of speech.
Americans are free to read foreign books, watch foreign news, browse foreign websites.