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Tim Pool provides a good rundown of what the bill does: TL;DW: It forces divestiture of the specified thing and bans only if the company doesn't divest the US part. It does trigger libertarians because of past experience, but it's incredibly narrow in its tailoring.

Not necessarily, but that's the logical consequence of what they're doing. In general, Congress has been shucking off responsibility to the administrative state and/or the judiciary for the past 30-40 years. Which "helps" when they can't agree on stuff (besides hating each other), because...

So, quickly looking over the bill, because it's not horrifically huge for once, I noticed this big thing: (3) FOREIGN ADVERSARY CONTROLLED APPLICATION.—The term “foreign adversary controlled application” means a website, desktop application, mobile application, or augmented or immersive...