After the US House of Representatives voted to pass it on Saturday, followed by Tuesday’s vote to approve it in the US Senate, the bill that could result in a total ban on TikTok in the United States was signed into law today by the US. President Joe Biden.

CNBC It is reported that the signing of the bill was part of a package that focused mainly on approving funding for military aid to Ukraine, Israel and Taiwan.

Under the terms of the law, TikTok’s parent company ByteDance in China must sell its stake in the popular social network within 270 days from today. Biden has the option to approve a 90-day extension of that deadline if the Biden administration feels a deal to sell TikTok is close to happening.

However, if such a deal is not reached by the deadline or an extension, the US government could make a decision to ban the TikTok app from US app stores.

Lawmakers on both the Republican and Democratic sides have been saying for years that ByteDance could take personal information from TikTok and sell it to the Chinese government. ByteDance has repeatedly denied these claims, and the government has offered little to no evidence that ByteDance would make such a move.

In the post on the official TikTok Policy X (formerly Twitter) account., the company has already stated that it will fight this law in court and believes that “the facts and the law are clearly on our side, and in the end we will win.” It added:

The fact is, we have invested billions of dollars to keep US data safe and our platform free from outside influence and manipulation. This ban will destroy seven million businesses and silence 170 million Americans.

No word yet on when ByteDance might file a lawsuit to fight this new TikTok law.