Former Treasury Secretary Steven Mnuchin is looking to buy TikTok alongside a group of investors. He shared this interest during an interview with CNBC’s Squawk Box on Thursday morning, in which he expressed support for a Congressional effort to ban TikTok in the United States if its China-based parent company ByteDance does not divest it.

“I think the legislation should pass and I think it should be sold. It’s a great business, and I’m going to put together a group to buy TikTok,” the Trump administration secretary of treasury said.

“This should be owned by U.S. businesses. There’s no way that the Chinese would ever let a U.S. company own something like this in China,” he added.

Munchin’s remarks come a day after the House passed a bill that would force ByteDance to sell its stake in TikTok or face a nationwide ban as concerns about data privacy and propaganda grows from a set of Chinese national security laws that compel organizations including TikTok to assist with intelligence gathering.

The bill, passed by a vote of 352-65, is now headed to the Senate where its fate is a bit bleak as the upper chamber seems divided on the measure.

While President Joe Biden has promised to sign the bill if it passes Congress, Senate Majority Leader Chuck Schumer (D-NY) said that he will consult with committee chairs in order to determine the bill’s path.

After the bill passed the House on Wednesday, TikTok CEO Shou Zi Chew said that the company will exercise its legal right to protect itself from a ban.

Arguing that the company has kept user data safe on TikTok and kept the platform free from outside manipulation, Chew said, “We will not stop fighting and advocating for you. We will continue to do all we can, including exercising our legal rights, to protect this amazing platform that we have built with you.”