Extension of National Emergency Regarding Foreign Investment in Sensitive Technologies

Original title: Continuation of the National Emergency With Respect to the Advancement by Countries of Concern in Sensitive Technologies and Products Critical for the Military, Intelligence, Surveillance, or Cyber-Enabled Capabilities of Such Countries

Record date · August 6, 2024

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What This Bill Does

President Biden has extended the national emergency originally declared in August 2023 for an additional year. This emergency addresses risks associated with U.S. investments in foreign countries that are developing sensitive technologies critical to their military, intelligence, and surveillance capabilities.

Why it matters

This action maintains federal restrictions on certain outbound U.S. investments to prevent the transfer of critical technology to foreign adversaries.

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 are subject to ongoing restrictions regarding outbound investments in sensitive technology sectors in specific foreign countries.

Directly affected

Technology Companies

Companies operating in sensitive technology sectors may face continued scrutiny or limitations on foreign capital and partnerships.

Key Facts

The national emergency declared on August 9, 2023, is extended for one year beyond August 9, 2024.
The emergency concerns U.S. investments in countries developing sensitive technologies for military or intelligence use.
The administration identifies these investments as a threat to U.S. national security.
The notice is issued pursuant to the International Emergency Economic Powers Act and the National Emergencies Act.

Frequently Asked Questions

What does it mean to 'continue' a national emergency?

Under the National Emergencies Act, the President must formally renew a national emergency annually, or it will automatically terminate.

Does this order change the existing investment restrictions?

No, this notice simply extends the legal authority for the existing emergency declaration and associated regulations established by Executive Order 14105.

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