Likely yes, because "determination of the President" occurs five times in the text of bill,
https://www.congress.gov/bill/118th-congress/house-bill/7521...
https://www.congress.gov/bill/118th-congress/house-bill/7521...
>(3) FOREIGN ADVERSARY CONTROLLED APPLICATION.—The term “foreign adversary controlled application” means a website, desktop application, mobile application, or augmented or immersive technology application that is operated, directly or indirectly (including through a parent company, subsidiary, or affiliate), by—
>(A) any of—
>(i) ByteDance, Ltd.;
>(ii) TikTok;
>(iii) a subsidiary of or a successor to an entity identified in clause (i) or (ii) that is controlled by a foreign adversary; or
>(iv) an entity owned or controlled, directly or indirectly, by an entity identified in clause (i), (ii), or (iii);