Continuation of the National Emergency With Respect to the Threat From Securities Investments That Finance Certain Companies of the People's Republic of China, 68017-68018 [2022-24787]

Agencies

• Executive Office of the President

[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 [www.gpo.gov]
[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.
                
                
                    (Presidential Sig.)

                THE WHITE HOUSE,

                    November 8, 2022.

[FR Doc. 2022-24787
Filed 11-9-22; 11:15 am]
Billing code 3395-F3-P