Addressing the Threat From Securities Investments That Finance Certain Companies of the People's Republic of China
Headline: Bans U.S. Investments in Certain Chinese Defense and Surveillance Firms
What it does: The order directs agencies to prohibit U.S. persons from buying or selling publicly traded securities of specified Chinese defense or surveillance companies.
- Prohibits U.S. investors from trading securities of listed Chinese defense or surveillance firms.
- Allows divestment of existing holdings within deadlines set in the order.
- Requires federal agencies to create rules and enforce the investment ban.
Summary
This order bars U.S. persons from buying or selling publicly traded securities of companies listed in its Annex or otherwise identified by the Treasury that operate in China’s defense or surveillance-technology sectors or are owned by those companies. It directs the Treasury, with the State Department (and Defense as appropriate), to issue rules, report to Congress, and enforce the prohibitions. The order allows U.S. investors to divest existing holdings within set deadlines and requires all federal agencies to implement the ban.
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