ABSTRACT

H. Doc 117-8: Amending Executive Order 13959 - Addressing the Threat from Securities Investments That Finance Communist Chinese Military Companies, January 15, 2021   [open pdf - 260KB]

From the Document: "Executive Order 13959 prohibits certain purchases involving publicly traded securities, or any securities that are derivative of, or are designed to provide investment exposure to such securities, of any Communist Chinese military company. Those companies are ones the Department of Defense has listed, or will list, pursuant to section 1237 of Public Law 105-261, as amended, or are identified as Communist Chinese military companies or their subsidiaries by the Secretary of the Treasury using similar criteria. Today, I signed an Executive Order amending Executive Order 13959. The amendments prohibit certain sales as well as purchases of publicly traded securities, or any securities that are derivative of, or are designed to provide investment exposure to such securities, of any Communist Chinese military company. They also prohibit possession of such securities by United States persons 1 year after a company is determined to be a Communist Chinese military company. And, finally, they allow the Secretary of Defense publicly to list whether a company is a Communist Chinese military company using the criteria in section 1237(b)(4)(B) of Public Law 105- 261, as amended by section 1233 of Public Law 106-398 and section 1222 of Public Law 108-375, regardless of whether the Secretary must report that determination under section 1237(b)(2)."

Report Number:
H. Doc. 117-8; House Document 117-8
Publisher:
Date:
2021-01-15
Copyright:
Public Domain
Retrieved From:
Government Publishing Office: http://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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