On November 12, 2020, by Govt Order 13959, the President declared a nationwide emergency pursuant to the Worldwide Emergency Financial Powers Act (50 U.S.C. 1701 et seq.) to cope with the bizarre and extraordinary menace to the nationwide safety, overseas coverage, and economic system of the United States constituted by the menace from securities investments that finance sure corporations of the Folks’s Republic of China (PRC).
The President discovered that the PRC is exploiting United States capital to useful resource and allow the event and modernization of its army, intelligence, and different safety apparatuses, which continues to permit the PRC to instantly threaten america homeland and United States forces abroad. By means of the nationwide technique of Navy‑Civil Fusion, the PRC will increase the scale of the nation’s military-industrial advanced by compelling civilian Chinese language corporations to assist its army and intelligence actions. These corporations, although remaining ostensibly personal and civilian, instantly assist the PRC’s army, intelligence, and safety apparatuses and support of their improvement and modernization. At the identical time, these corporations elevate capital by promoting securities to United States traders 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 President additional discovered that the PRC’s military-industrial advanced, by instantly supporting the efforts of the PRC’s army, intelligence, and different safety apparatuses, constituted an uncommon and extraordinary menace to the nationwide safety, overseas coverage, and economic system of america.
On January 13, 2021, the President signed Govt Order 13974 amending Govt Order 13959.
On June 3, 2021, I signed Govt Order 14032, which expanded the scope of the nationwide emergency declared in Govt Order 13959. I discovered that further steps are vital to deal with that nationwide emergency, together with the menace posed by the military-industrial advanced of the PRC and its involvement in army, intelligence, and safety analysis and improvement packages, and weapons and associated tools manufacturing beneath the PRC’s Navy-Civil Fusion technique. In addition, I discovered that the usage of Chinese language surveillance know-how exterior the PRC and the event or use of Chinese language surveillance know-how to facilitate repression or critical human rights abuse constituted uncommon and extraordinary threats to the nationwide safety, overseas coverage, and economic system of america, and I expanded the nationwide emergency to deal with these threats. Govt Order 14032 amended Govt Order 13959 and revoked Govt Order 13974 in its entirety.
The menace from securities investments that finance sure corporations of the PRC and sure makes use of and improvement of Chinese language surveillance know-how proceed to pose an uncommon and extraordinary menace to the nationwide safety, overseas coverage, and economic system of america.
Because of this, the nationwide emergency declared in Govt Order 13959 of November 12, 2020, expanded in scope by Govt Order 14032 of June 3, 2021, should proceed in impact past November 12, 2023. Due to this fact, in accordance with part 202(d) of the Nationwide Emergencies Act (50 U.S.C. 1622(d)), I’m persevering with for 1 12 months the nationwide emergency declared in Govt Order 13959 with respect to the menace from securities investments that finance sure corporations of the PRC and expanded in Govt Order 14032.
This discover shall be revealed within the Federal Register and transmitted to the Congress.
JOSEPH R. BIDEN JR.
THE WHITE HOUSE,
November 3, 2023.