[Congressional Record Volume 169, Number 183 (Monday, November 6, 2023)]
[Senate]
[Page S5359]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]





                         PRESIDENTIAL MESSAGES

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 REPORT OF THE CONTINUATION OF THE NATIONAL EMERGENCY WITH RESPECT TO 
 THE THREAT FROM SECURITIES INVESTMENTS THAT FINANCE CERTAIN COMPANIES 
OF THE PEOPLE'S REPUBLIC OF CHINA (PRC) THAT WAS DECLARED IN EXECUTIVE 
 ORDER 13959 OF NOVEMBER 12, 2020, RECEIVED DURING ADJOURNMENT OF THE 
                   SENATE ON NOVEMBER 3, 2023--PM 28

  The PRESIDING OFFICER laid before the Senate the following message 
from the President of the United States, together with an accompanying 
report; which was referred to the Committee on Banking, Housing, and 
Urban Affairs:

To the Congress of the United States:
  Section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d)) 
provides for the automatic termination of a national emergency unless, 
within 90 days prior to the anniversary date of its declaration, the 
President publishes in the Federal Register and transmits to the 
Congress a notice stating that the emergency is to continue in effect 
beyond the anniversary date. In accordance with this provision, I have 
sent to the Federal Register for publication the enclosed notice 
stating that the national emergency with respect to the threat from 
securities investments that finance certain companies of the People's 
Republic of China (PRC) that was declared in Executive Order 13959 of 
November 12, 2020, and expanded in scope in Executive Order 14032 of 
June 3, 2021, is to continue in effect beyond November 12, 2023.
  The PRC exploits United States capital to resource and to enable the 
development and modernization of its military, intelligence, and other 
security apparatuses, which continues to allow the PRC to directly 
threaten the United States homeland and United States forces overseas. 
Through the national strategy of Military-Civil Fusion, the PRC 
increases the size of the country's military-industrial complex by 
compelling civilian Chinese companies to support its military and 
intelligence activities. Those companies, though remaining ostensibly 
private and civilian, directly support the PRC's military, 
intelligence, and security apparatuses. At the same time, those 
companies raise capital by selling securities to United States 
investors that trade on public exchanges both here and abroad, lobbying 
United States index providers and funds to include these securities in 
market offerings, and engaging in other acts to ensure access to United 
States capital.
  The PRC military-industrial complex, by directly supporting the 
efforts of the PRC's military, intelligence, and other security 
apparatuses, continues to constitute an unusual and extraordinary 
threat, which has its source in whole or substantial part outside the 
United States, to the national security, foreign policy, and economy of 
the United States. In addition, the use of Chinese surveillance 
technology outside the PRC and the development or use of Chinese 
surveillance technology to facilitate repression or serious human 
rights abuse continue to constitute unusual and extraordinary threats, 
which have their source in whole or substantial part outside the United 
States, to the national security, foreign policy, and economy of the 
United States.
  Therefore, I have determined that it is necessary to continue the 
national emergency declared in Executive Order 13959, expanded in scope 
by Executive Order 14032, with respect to the threat from securities 
investments that finance certain companies of the PRC.
                                                 Joseph R. Biden, Jr.  
The White House, November 3, 2023.

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