Yes, and Americans should have the freedoms to receive whatever information they want
And they do. This isn't a content-based ban. If a non-Chinese company acquires TikTok, they can continue to host exactly the same material without restrictions.
Can't tell if the new company would be able to host the same exact material. It's already come out that the White House pressured Google and Facebook to promote covid19 vaccine content. YouTube banning Russia-linked channels doesn't seem like their own decision either. The US doesn't control its media nearly the same way many other countries do, but there's still some control.
If you look at the rhetoric of lawmakers and lobbyists supporting the ban, a lot of it is about the content.
And they do. This isn't a content-based ban. If a non-Chinese company acquires TikTok, they can continue to host exactly the same material without restrictions.