If the text of this law said that the app “Tiktok” and company “ByteDance” cannot operate in the US, it would be trivial create a new company called, “BitSamba” which operates the “Tuktuk” app, and this specific law would not apply to them.
That is why the bill uses the term “entity that is controlled by a foreign adversary.” Try reading at least one more bill, or any municipal code, then you might start to understand. This is how laws are written. Lawyers are very good at finding loopholes, which is why laws are specifically written defensively to avoid unintended loopholes.
The language of this bill will apply to tiktok. Tiktok is the most notable app that will be effected by it. Which is why everyone who knows what they’re talking about has been calling this the bill that bans tiktok because that is what it does.
Especially the authors of this bill that but the part about it banning tiktok in the first page summary for all the legislators who don’t actually read the full text.