Presidential Document2024-26227
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 8, 2024
Signed
November 7, 2024
Issuing agencies
Executive Office of the President
Full Text
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<title>Federal Register, Volume 89 Issue 217 (Friday, November 8, 2024)</title>
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[Federal Register Volume 89, Number 217 (Friday, November 8, 2024)]
[Presidential Documents]
[Pages 88869-88870]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-26227]
Presidential Documents
Federal Register / Vol. 89, No. 217 / Friday, November 8, 2024 /
Presidential Documents
[[Page 88869]]
Notice of November 7, 2024
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 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.
For this reason, the national emergency declared in
Executive Order 13959 of November 12, 2020, expanded in
scope by Executive Order 14032 of
[[Page 88870]]
June 3, 2021, must continue in effect beyond November
12, 2024. 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 7, 2024.
[FR Doc. 2024-26227
Filed 11-7-24; 11:15 am]
Billing code 3395-F4-P
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</html>Indexed from Federal Register on November 8, 2024.
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