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

President Biden extended for one year the national emergency declared in November 2020 that restricts U.S. investments in certain Chinese companies linked to the PRC's military, intelligence, and surveillance apparatus. The continuation maintains existing sanctions and investment prohibitions originally established by Executive Orders 13959 and 14032.

Federal Register Open PDF 89 FR 88869

Impact dates

  1. Continued national emergency expires unless extended again

Key directives

  • Continue national emergency for 1 year beyond November 12, 2024
  • Publish notice in Federal Register
  • Transmit notice to Congress

Timeline

Immediate

  • National emergency continues in effect beyond November 12, 2024
  • Existing investment restrictions remain active

Near term (90d)

  • Federal Register publication
  • Congressional transmission

Long term

  • Annual review required for continuation beyond November 12, 2025

Risks & tensions

  • Maintains bipartisan continuity on China economic decoupling; no policy expansion or contraction
  • Ongoing tension between investment restrictions and market access principles
  • Potential escalation if PRC retaliates against U.S. firms
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