Presidential Document2022-24787
Continuation of the National Emergency With Respect to the Threat From Securities Investments That Finance Certain Companies of the People's Republic of China
Primary source
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Published
November 10, 2022
Signed
November 8, 2022
Issuing agencies
Executive Office of the President
Full Text
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<title>Federal Register, Volume 87 Issue 217 (Thursday, November 10, 2022)</title>
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[Federal Register Volume 87, Number 217 (Thursday, November 10, 2022)]
[Presidential Documents]
[Pages 68017-68018]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-24787]
Presidential Documents
Federal Register / Vol. 87, No. 217 / Thursday, November 10, 2022 /
Presidential Documents
[[Page 68017]]
Notice of November 8, 2022
Continuation of the National Emergency With
Respect to the Threat From Securities Investments That
Finance Certain Companies of the People's Republic of
China
On November 12, 2020, by Executive Order 13959, the
President declared a national emergency pursuant to the
International Emergency Economic Powers Act (50 U.S.C.
1701 et seq.) to deal with the unusual and
extraordinary threat to the national security, foreign
policy, and economy of the United States constituted by
the threat from securities investments that finance
certain companies of the People's Republic of China
(PRC).
The President found that the PRC is increasingly
exploiting United States capital to resource and enable
the development and modernization of its military,
intelligence, and other security apparatuses, which
continues to allow the PRC to directly threaten the
United States homeland and United States forces
overseas. Through the national strategy of Military-
Civil Fusion, the PRC increases the size of the
country's military-industrial complex by compelling
civilian Chinese companies to support its military and
intelligence activities. Those companies, though
remaining ostensibly private and civilian, directly
support the PRC's military, intelligence, and security
apparatuses and aid in their development and
modernization. At the same time, those companies raise
capital by selling securities to United States
investors that trade on public exchanges both here and
abroad lobbying United States index providers and funds
to include these securities in market offerings, and
engaging in other acts to ensure access to United
States capital.
The President further found that the PRC's military
industrial complex, by directly supporting the efforts
of the PRC's military, intelligence, and other security
apparatuses, constituted an unusual and extraordinary
threat to the national security, foreign policy, and
economy of the United States.
On January 13, 2021, the President signed Executive
Order 13974 amending Executive Order 13959.
On June 3, 2021, I signed Executive Order 14032, which
expanded the scope of the national emergency declared
in Executive Order 13959. I found that additional steps
are necessary to address that national emergency,
including the threat posed by the military-industrial
complex of the PRC and its involvement in military,
intelligence, and security research and development
programs, and weapons and related equipment production
under the PRC's Military-Civil Fusion strategy. In
addition, I found that the use of Chinese surveillance
technology outside the PRC and the development or use
of Chinese surveillance technology to facilitate
repression or serious human rights abuse constituted
unusual and extraordinary threats to the national
security, foreign policy, and economy of the United
States, and I expanded the national emergency to
address these threats. Executive Order 14032 amended
Executive Order 13959 and revoked Executive Order 13974
in its entirety.
The threat from securities investments that finance
certain companies of the PRC and certain uses and
development of Chinese surveillance technology continue
to pose an unusual and extraordinary threat to the
national security, foreign policy, and economy of the
United States.
[[Page 68018]]
For this reason, the national emergency declared in
Executive Order 13959 of November 12, 2020, expanded in
scope by Executive Order 14032 of June 3, 2021, must
continue in effect beyond November 12, 2022. Therefore,
in accordance with section 202(d) of the National
Emergencies Act (50 U.S.C. 1622(d)), I am continuing
for 1 year the national emergency declared in Executive
Order 13959 with respect to the threat from securities
investments that finance certain companies of the PRC
and expanded in Executive Order 14032.
This notice shall be published in the Federal Register
and transmitted to the Congress.
<GRAPHIC(S) NOT AVAILABLE IN TIFF FORMAT>
(Presidential Sig.)
THE WHITE HOUSE,
November 8, 2022.
[FR Doc. 2022-24787
Filed 11-9-22; 11:15 am]
Billing code 3395-F3-P
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</html>Indexed from Federal Register on November 10, 2022.
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