Letter to Congressional Leaders on Addressing the Threat From Securities Investments That Finance Certain Companies of the People's Republic of China

Dear Madam Speaker: (Dear Madam President:)

Pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), I hereby report that I have issued an Executive Order addressing the threat from securities investments that finance certain companies of the People's Republic of China (PRC).

I have determined that additional steps are necessary to address the national emergency declared in Executive Order 13959 of November 12, 2020 (Addressing the Threat From Securities Investments That Finance Communist Chinese Military Companies), 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, I find 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, 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, and I hereby expand the scope of the national emergency declared in Executive Order 13959 to address those threats.

I am enclosing a copy of the Executive Order I have issued.

Sincerely,

JOSEPH R. BIDEN JR.