Part 202(d) of the Nationwide Emergencies Act (50 U.S.C. 1622(d)) gives for the automated termination of a nationwide emergency except, inside 90 days previous to the anniversary date of its declaration, the President publishes within the Federal Register and transmits to the Congress a discover stating that the emergency is to proceed in impact past the anniversary date. In accordance with this provision, I’ve despatched to the Federal Register for publication the enclosed discover stating that the nationwide emergency with respect to the menace from securities investments that finance sure corporations of the Individuals’s Republic of China (PRC) that was declared in Government Order 13959 of November 12, 2020, and expanded in scope in Government Order 14032 of June 3, 2021, is to proceed in impact past November 12, 2023.
The PRC exploits United States capital to useful resource and to allow the event and modernization of its army, intelligence, and different safety apparatuses, which continues to permit the PRC to straight threaten the USA homeland and United States forces abroad. Via the nationwide technique of Navy-Civil Fusion, the PRC will increase the dimensions of the nation’s military-industrial complicated by compelling civilian Chinese language corporations to assist its army and intelligence actions. These corporations, although remaining ostensibly personal and civilian, straight assist the PRC’s army, intelligence, and safety apparatuses. On the similar time, these corporations elevate capital by promoting securities to United States buyers that commerce on public exchanges each right here and overseas, lobbying United States index suppliers and funds to incorporate these securities in market choices, and fascinating in different acts to make sure entry to United States capital.
The PRC military-industrial complicated, by straight supporting the efforts of the PRC’s army, intelligence, and different safety apparatuses, continues to represent an uncommon and extraordinary menace, which has its supply in entire or substantial half exterior the USA, to the nationwide safety, international coverage, and economic system of the USA. As well as, using Chinese language surveillance expertise exterior the PRC and the event or use of Chinese language surveillance expertise to facilitate repression or critical human rights abuse proceed to represent uncommon and extraordinary threats, which have their supply in entire or substantial half exterior the USA, to the nationwide safety, international coverage, and economic system of the USA.
Subsequently, I’ve decided that it’s essential to proceed the nationwide emergency declared in Government Order 13959, expanded in scope by Government Order 14032, with respect to the menace from securities investments that finance sure corporations of the PRC.
JOSEPH R. BIDEN JR.
THE WHITE HOUSE,
November 3, 2023.