WASHINGTON (AP) — The chairman of a House committee that pushed for the law demanding TikTok be spun off from its Chinese owners has requested an urgent briefing from the White House, one day after Trump signed an executive order supporting a proposed deal that would put the popular social video platform under U.S. ownership.

President Trump said he would meet with President Xi Jinping next month in South Korea. Mr. Xi said he welcomes a TikTok deal that would benefit both sides.

An Emirati state-backed investment firm that boosted President Trump’s crypto venture stands to win a stake in a U.S. TikTok spin-off as part of a deal negotiated by Trump’s White House.

An emerging TikTok deal with China will ensure that U.S. companies control the algorithm that powers the app's video feed and Americans will hold a majority of seats on a board overseeing U.S. operations.