Continuation of National Emergency Regarding Chinese Military-Industrial Investments

Original title: Continuation of the National Emergency With Respect to the Threat From Securities Investments That Finance Certain Companies of the People's Republic of China

Record date · November 7, 2024

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What This Bill Does

President Biden has extended the regarding securities investments that finance certain companies of the People's Republic of China for another year. This action maintains existing restrictions on U.S. investments in Chinese firms identified as supporting the PRC's military, intelligence, and surveillance apparatuses. The extension is required under the National Emergencies Act to keep these economic measures in effect beyond November 12, 2024.

Why it matters

This document ensures that ongoing federal restrictions on U.S. capital investment in specific Chinese companies linked to military and surveillance activities remain in force for the next year.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

U.S. Investors

Investors remain subject to prohibitions on purchasing or selling publicly traded securities of companies identified as part of the PRC's military-industrial complex.

Directly affected

Chinese Companies

Companies identified as part of the PRC's military-industrial complex continue to be restricted from accessing U.S. capital markets through securities offerings.

Key Facts

The national emergency regarding Chinese military-industrial investments is extended for one year beyond November 12, 2024.
The policy targets companies involved in the PRC's 'Military-Civil Fusion' strategy, which links civilian firms to military and intelligence development.
Restrictions include prohibitions on U.S. investors providing capital to companies identified as supporting the PRC's security apparatus.
The scope includes the development or use of Chinese surveillance technology linked to human rights abuses.

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This action is taken pursuant to the National Emergencies Act, requiring annual renewal to remain active.

Frequently Asked Questions

What does this document actually do?

It formally extends an existing for one year, which keeps in place federal regulations that restrict U.S. investment in specific Chinese companies deemed to support the PRC's military and surveillance sectors.

Does this change current investment rules?

No, this document is a continuation notice; it maintains the status quo established by previous executive orders rather than introducing new restrictions or repealing existing ones.

What else do you want to know?

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Full breakdown

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Annual Renewal Cycle

The document follows a strict annual renewal requirement mandated by the National Emergencies Act, ensuring the executive branch periodically reviews the necessity of these economic sanctions.

Joseph R. Biden Jr.