President Joe Biden speaks in the Eisenhower Executive Office Building in Washington, D.C., U.S., on Wednesday, June 2, 2021.Samuel Corum | Bloomberg | Getty ImagesPresident Joe Biden signed an executive order on Wednesday to review the data collection practices of foreign-owned apps such as TikTok and WeChat, the White House announced.Biden revoked and replaced the three executive orders by former President Donald Trump which sought to ban transactions with TikTok and WeChat by American businesses. One of the orders also sough to ban TikTok, resulting in a prolonged court battle. TikTok remains available and popular in the U.S.Biden’s new order will direct the Commerce Department to review apps tied to foreign adversaries and lays out what it should consider an “unacceptable risk,” according to a White House fact sheet. It also directs the Commerce Department to work with other agencies to come up with recommendations to protect U.S. consumer data from foreign adversaries.Representatives for TikTok and WeChat owner Tencent did not immediately respond to a request for comment.This story is developing. Check back for updates.Subscribe to CNBC on YouTube.