These actions have negatively affected Huawei production, sales and financial projections. However, on 29 June 2019 at the G20 summit, the US President made statements implicating plans to ease the restrictions on U.S. companies doing business with Huawei. Despite this statement, on 15 May 2020, the U.S. Department of Commerce extended its export restrictions to bar Huawei from producing semiconductors derived from technology or software of U.S. origin, even if the manufacturing is performed overseas. In June 2020, the Federal Communications Commission (FCC) designated Huawei a national security threat, thereby barring it from any U.S. subsidies. In July 2020, the Federal Acquisition Regulation Council published a Federal Register notice prohibiting all federal government contractors from selling Huawei hardware to the federal government and preventing federal contractors from using Huawei hardware.