Mr. Mnuchin said last week that he is trying to buy Tiktok as part of an investor group.
Ron Wyden skeptical about Steve Mnuchin's TikTok purchase plan
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Former Treasury Secretary Steve Mnuchin confirmed in 2020 that CFIUS was reviewing whether then-President Donald Trump could ban TikTok in the U.S. Its members agreed that TikTok cannot operate in the U.S. in its current form because it “risks sending back information on 100 million Americans,” Mnuchin said at the time.
How a little-known agency CFIUS holds power over TikTok's future
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