[Federal Register Volume 90, Number 214 (Friday, November 7, 2025)]
[Presidential Documents]
[Pages 50739-50740]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-19832]
Presidential Documents
Federal Register / Vol. 90 , No. 214 / Friday, November 7, 2025 /
Presidential Documents
[[Page 50739]]
Notice of November 5, 2025
Continuation of the National Emergency With
Respect to the Threat From Securities Investments That
Finance Certain Companies of the People's Republic of
China
On November 12, 2020, by Executive Order 13959, the
President declared a national emergency pursuant to the
International Emergency Economic Powers Act (50 U.S.C.
1701 et seq.) to deal with the unusual and
extraordinary threat to the national security, foreign
policy, and economy of the United States constituted by
the threat from securities investments that finance
certain companies of the People's Republic of China
(PRC).
The President found that the PRC is increasingly
exploiting United States capital to resource and 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 and aid in their development and
modernization. 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 President further found that the PRC's military-
industrial complex, by directly supporting the efforts
of the PRC's military, intelligence, and other security
apparatuses, constituted an unusual and extraordinary
threat to the national security, foreign policy, and
economy of the United States.
On January 13, 2021, the President signed Executive
Order 13974 amending Executive Order 13959.
On June 3, 2021, the President signed Executive Order
14032, which expanded the scope of the national
emergency declared in Executive Order 13959. The
President found that additional steps were necessary to
address that national emergency, including the threat
posed by the military-industrial complex of the PRC and
its involvement in military, intelligence, and security
research and development programs, and weapons and
related equipment production under the PRC's Military-
Civil Fusion strategy. In addition, the President found
that 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 constituted unusual and
extraordinary threats to the national security, foreign
policy, and economy of the United States. Executive
Order 14032 amended Executive Order 13959 and revoked
Executive Order 13974 in its entirety.
The threat from securities investments that finance
certain companies of the PRC and certain uses and
development of Chinese surveillance technology continue
to pose an unusual and extraordinary threat to the
national security, foreign policy, and economy of the
United States.
For this reason, the national emergency declared in
Executive Order 13959 of November 12, 2020, expanded in
scope by Executive Order 14032 of
[[Page 50740]]
June 3, 2021, must continue in effect beyond November
12, 2025. Therefore, in accordance with section 202(d)
of the National Emergencies Act (50 U.S.C. 1622(d)), I
am continuing for 1 year the national emergency
declared in Executive Order 13959 with respect to the
threat from securities investments that finance certain
companies of the PRC and expanded in Executive Order
14032.
This notice shall be published in the Federal Register
and transmitted to the Congress.
(Presidential Sig.)
THE WHITE HOUSE,
November 5, 2025.
[FR Doc. 2025-19832
Filed 11-6-25; 11:15 am]
Billing code 3395-F4-P