Continuation of the National Emergency With Respect to the Threat From Securities Investments That Finance Certain Companies of the People's Republic of China, 88869-88870 [2024-26227]

Agencies

• Executive Office of the President

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

                THE WHITE HOUSE,

                    November 7, 2024.

[FR Doc. 2024-26227
Filed 11-7-24; 11:15 am]
Billing code 3395-F4-P