The Senate passed the bill Tuesday, and Joe Biden signed it.

This ban would devastate 7 million businesses and silence 170 million Americans," the statement continues.

In February, TikTok made headlines amid a dispute with record company Universal Music Group.

General view of the TikTok headquarters

TikTok headquarters.AaronP/Bauer-Griffin/GC Images

General view of the TikTok headquarters

TikTok.AaronP/Bauer-Griffin/GC Images