ExecutiveOrdersEO
Notice 13694NoticeTrump 47 · R Quiet signal

Presidential Notice 13694

Continuation of the National Emergency With Respect to Significant Malicious Cyber-Enabled Activities

This notice continues for one year the national emergency declared in Executive Order 13694 regarding significant malicious cyber-enabled activities originating from outside the United States. The continuation extends authorities under the International Emergency Economic Powers Act beyond April 1, 2025, and references related executive orders that have modified the emergency framework over time.

Federal Register Open PDF 90 FR 14327

Impact dates

  1. Continued national emergency expires unless extended again

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Technology & softwareBanking & financeDefense primesCritical minerals

Mechanisms

Ban / prohibitionLicensing

Role pressure

  • ProtectiveDomestic producer — Cybersecurity firms and critical infrastructure operators benefit from sustained government focus and potential procurement/subsidy support for cyber defenses
  • AdverseImporter — Entities importing technology services from designated foreign cyber actors face continued sanctions exposure and compliance obligations
  • AdverseTrading-partner exporter — Foreign entities in targeted jurisdictions remain subject to asset freezes and transaction prohibitions under IEEPA authorities

Geographies

USCN

Exposure dates

  • — Continued national emergency expires unless extended again

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

ALBAlbemarleGOOGLAlphabetAAPLAppleBACBank of AmericaBLKBlackRockBABoeingDQDaqo New EnergyFCXFreeport-McMoRanGDGeneral DynamicsGSGoldman SachsHSBCHSBCQQQInvesco QQQ TrustJPMJPMorgan ChaseLMTLockheed MartinMETAMeta PlatformsMSFTMicrosoftMPMP MaterialsNOCNorthrop GrummanORCLOracleRTXRTXSPYSPDR S&P 500 ETFSQMSQMVALEVale

Confidence: high · Policy alerts

Key directives

  • Continue national emergency declared in EO 13694 for 1 year beyond April 1, 2025

Timeline

Immediate

  • National emergency authorities continue uninterrupted beyond April 1, 2025

Near term (90d)

—

Long term

  • Annual review required for continued emergency beyond March 2026

Risks & tensions

  • Perpetual emergency status normalizes extraordinary economic powers; tension between sustained threat response and congressional oversight of long-running emergencies
  • Revocation of EO 14110 by EO 14148 removed some AI-related cyber authorities, creating potential gap with evolving AI-enabled cyber threats
Presidential Notice 13694: Continuation of the National Emergency With Respect to Significant Malicious Cyber-Enabled Activities · Executive Orders