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) and expanded by Executive Order 14032 (June 3, 2021), which restricts U.S. investments in Chinese companies linked to the PRC's military, intelligence, and security apparatuses or involved in 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, 2022 expiration date.

Federal Register Open PDF 87 FR 68017

Impact dates

  1. Continued national emergency expires unless further extended

Key directives

  • Continue national emergency declared in EO 13959 for 1 year beyond November 12, 2022
  • Publish notice in Federal Register
  • Transmit notice to Congress

Timeline

Immediate

  • National emergency continues in effect upon publication
  • Existing investment restrictions remain active

Near term (90d)

  • Federal Register publication
  • Congressional transmission

Long term

  • Emergency expires November 12, 2023 unless further continued
  • Ongoing monitoring of PRC military-civil fusion and surveillance technology threats

Risks & tensions

  • Routine procedural continuation under National Emergencies Act; no new policy substance
  • Maintains bipartisan pressure on PRC military-civil fusion across administrations
  • Potential market uncertainty for investors in affected Chinese securities
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