“A 1-time extension of not more than 90 days,” § 2(A)(3) [1].
[1] https://www.govinfo.gov/content/pkg/COMPS-17758/pdf/COMPS-17...
(A) a path to executing a qualified divestiture has been identified with respect to such application; (B) evidence of significant progress toward executing such qualified divestiture has been produced with respect to such application; and (C) there are in place the relevant binding legal agree- ments to enable execution of such qualified divestiture during the period of such extension
Zero clue how that would play out in the courts, but it wouldn't resolve in anything resembling a timely manner.
More worryingly he stated in his Truth social post that he’s seeking 50% ownership. That doesn’t meet the definition of divestiture in this bill, since China would still effectively steer operations, including content recommendations.
The conditions have not been met, but he will lie and state that to his satisfaction, they have. Nothing will happen to challenge that except some noise from a couple of Democratic senators.
What happens 90 days later is anyone's guess.
That being said, the law is enforceable today and Biden said he won’t enforce it.
Nope, it merely requires that the president certifies that it is in place, and that's something entirely different given who the president will be.