ExecutiveOrdersEO
Notice 13873NoticeTrump 47 · R Quiet signal

Presidential Notice 13873

Continuation of the National Emergency With Respect to Securing the Information and Communications Technology and Services Supply Chain

This notice continues for one year the national emergency declared in Executive Order 13873 (May 15, 2019) regarding threats to U.S. information and communications technology and services (ICTS) supply chains from foreign adversaries. The continuation maintains existing authorities under the International Emergency Economic Powers Act that allow restrictions on transactions involving foreign-adversary-linked technology.

Federal Register Open PDF 90 FR 20557

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 & softwareSemiconductors

Mechanisms

Ban / prohibitionLicensing

Role pressure

  • AdverseImporter — Continued emergency authority sustains risk of transaction bans or licensing requirements on foreign-adversary-linked ICTS imports
  • ProtectiveDomestic producer — U.S.-based or non-adversary technology suppliers may benefit from restricted competition if foreign transactions are blocked
  • UncertainEquipment supplier — Suppliers with any foreign-adversary supply chain exposure face ongoing regulatory uncertainty about future restrictions

Geographies

USCN

Exposure dates

  • — Continued national emergency expires unless extended again

Illustrative public companies

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

GOOGLAlphabetAAPLAppleAMATApplied MaterialsASMLASMLINTCIntelQQQInvesco QQQ TrustMETAMeta PlatformsMUMicron TechnologyMSFTMicrosoftORCLOracleSPYSPDR S&P 500 ETF

Confidence: medium · Policy alerts

Key directives

  • Continue national emergency declared in EO 13873 for 1 year beyond May 15, 2025
  • Publish notice in Federal Register
  • Transmit notice to Congress

Timeline

Immediate

  • Continuation takes effect upon publication; existing IEEPA authorities remain active

Near term (90d)

  • No new actions required; maintains status quo for enforcement

Long term

  • Potential for renewed or expanded ICTS transaction rules under continued emergency authority through May 2026

Risks & tensions

  • Maintains broad IEEPA-based authority for unilateral ICTS transaction restrictions without new congressional action
  • Vague 'foreign adversaries' framing leaves enforcement scope dependent on executive determination
  • Uncertainty around whether administration will use continued authority for new designations or enforcement actions beyond existing rules
Presidential Notice 13873: Continuation of the National Emergency With Respect to Securing the Information and Communications Technology and Services Supply Chain · Executive Orders