ExecutiveOrdersEO
Notice 13959NoticeBiden · D Quiet signal

Presidential Notice 13959

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

This notice continues for one year the national emergency declared in Executive Order 13959 (November 12, 2020) regarding securities investments that finance certain Chinese companies linked to the PRC's military-industrial complex, as expanded by Executive Order 14032 (June 3, 2021) to include Chinese surveillance technology used for repression. The continuation is made under section 202(d) of the National Emergencies Act, extending the emergency beyond its November 12, 2021 expiration date.

Federal Register Open PDF 86 FR 62711

Impact dates

  1. Continued national emergency expires unless renewed

Key directives

  • Continue national emergency declared in EO 13959 for 1 year beyond November 12, 2021
  • Maintain expanded scope from EO 14032 including surveillance technology
  • Publish notice in Federal Register
  • Transmit notice to Congress

Timeline

Immediate

  • National emergency continues in effect beyond November 12, 2021
  • Existing investment restrictions under EO 13959 and EO 14032 remain operative

Near term (90d)

—

Long term

  • Emergency authority continues until November 12, 2022 unless renewed again
  • Ongoing prohibition on U.S. investment in covered Chinese securities

Risks & tensions

  • Routine procedural continuation under NEA section 202(d); no new policy substance
  • Maintains bipartisan pressure on PRC military-civil fusion but does not expand restrictions
  • Potential market uncertainty if investors expected modification rather than simple continuation
Presidential Notice 13959: Continuation of the National Emergency With Respect to the Threat From Securities Investments That Finance Certain Companies of the People's Republic of China · Executive Orders