ExecutiveOrdersEO
Notice 14064NoticeTrump 47 · R Quiet signal

Presidential Notice 14064

Continuation of the National Emergency With Respect to the Widespread Humanitarian Crisis in Afghanistan and the Potential for a Deepening Economic Collapse in Afghanistan

This notice continues for one year the national emergency declared by Executive Order 14064 on February 11, 2022, regarding Afghanistan's humanitarian crisis and potential economic collapse. It maintains the blocking of certain Da Afghanistan Bank (DAB) assets held in U.S. financial institutions and preserves existing sanctions authorities under the International Emergency Economic Powers Act.

Federal Register Open PDF 91 FR 3311

Impact dates

  1. Continued national emergency expires unless further extended

  2. National emergency would have expired without continuation

Market exposure

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

Sectors

Banking & finance

Mechanisms

Ban / prohibition

Role pressure

  • MixedDomestic producer — U.S. financial institutions holding DAB assets remain blocked from releasing funds, protecting them from litigation exposure but requiring continued compliance costs and legal uncertainty

Geographies

US

Exposure dates

  • — Continued national emergency expires unless further extended

Illustrative public companies

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

BACBank of AmericaBLKBlackRockGSGoldman SachsHSBCHSBCJPMJPMorgan ChaseSPYSPDR S&P 500 ETF

Confidence: high · Policy alerts

Key directives

  • Continue national emergency declared in EO 14064 for 1 year beyond February 11, 2026
  • Maintain blocking of certain DAB property held by U.S. financial institutions
  • Publish notice in Federal Register
  • Transmit notice to Congress

Timeline

Immediate

  • Continuation of national emergency takes effect January 20, 2026
  • Existing blocking of DAB property remains in force

Near term (90d)

  • Annual congressional notification completed
  • Federal Register publication

Long term

  • Emergency authority persists through February 11, 2027 unless terminated
  • Continued restriction on DAB asset litigation/claims

Risks & tensions

  • Tension between preserving DAB assets for Afghan welfare and legal claims by terrorism victims
  • Uncertainty about whether frozen assets will eventually be used for humanitarian relief or remain blocked
  • Vague on whether any change in policy approach from prior administration
Presidential Notice 14064: Continuation of the National Emergency With Respect to the Widespread Humanitarian Crisis in Afghanistan and the Potential for a Deepening Economic Collapse in Afghanistan · Executive Orders