EXECUTIVE ORDER
13959 - –
ADDRESSING THE THREAT FROM SECURITIES INVESTMENTS THAT
FINANCE COMMUNIST CHINESE MILITARY COMPANIES
By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.), and section 301 of title 3, United States Code,
I, DONALD J. TRUMP, President of the United States of America, find that the People's Republic of China (PRC) is increasingly exploiting 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, including by developing and deploying weapons of mass destruction, advanced conventional weapons, and malicious cyber-enabled actions against the
United States and its people.
Key to the development of the PRC's military, intelligence, and other security apparatuses is the country's large, ostensibly private economy. 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. In that way, the PRC exploits United States investors to finance the development and modernization of its military.
I therefore further find that the PRC's military-industrial complex, by directly supporting the efforts of the PRC's military, intelligence, and other security apparatuses, constitutes an unusual and extraordinary threat, which has
its source in substantial part outside the United States, to the national security, foreign policy, and economy of the United States. To protect the United States homeland and the American people, I hereby declare a national emergency with respect to this threat.
https://www.federalregister.gov/public-inspection/2020-25459/communist-chinese-military-companies-us-efforts-to-address-threat-from-securities-investments-that