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[Federal Register Volume 89, Number 242 (Tuesday, December 17, 2024)]
[Presidential Documents]
[Pages 102669-102671]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-30208]



                        Presidential Documents 



Federal Register / Vol. 89, No. 242 / Tuesday, December 17, 2024 / 
Presidential Documents

[[Page 102669]]

                Memorandum of December 12, 2024

                
Establishment of the Countering Economic Coercion 
                Task Force

                Memorandum for the Heads of Executive Departments and 
                Agencies

                By the authority vested in me as President by the 
                Constitution and the laws of the United States of 
                America, and to improve efforts to respond to coercive 
                economic practices of countries of concern, including 
                the People's Republic of China (PRC), it is hereby 
                ordered as follows:

                Section 1. Policy. Consistent with section 5514 of the 
                James M. Inhofe National Defense Authorization Act for 
                Fiscal Year 2023 (Public Law 117-263, 22 U.S.C. 3362) 
                (the ``Act''), I am directing the Assistant to the 
                President for National Security Affairs and the 
                Director of the National Economic Council to oversee an 
                interagency effort to address the increasing use of 
                economic coercion by countries of concern, including 
                the PRC; to assess potential vulnerabilities of 
                countries, including within their private sectors, to 
                such coercion; and to develop concrete recommendations 
                for a comprehensive, effective, and, as appropriate, 
                multilateral response, including to deter future 
                coercive economic behavior.

                Sec. 2. Establishment. There is established within the 
                Executive Office of the President the Countering 
                Economic Coercion Task Force (Task Force).

                Sec. 3. Membership. (a) The Task Force shall be chaired 
                by the Assistant to the President for National Security 
                Affairs, or his or her designee, and vice-chaired by 
                the Director of the National Economic Council, or his 
                or her designee.

                    (b) In addition to the Chair and the Vice Chair, 
                the Task Force shall consist of representatives from 
                the following executive departments and agencies 
                (agencies), the heads of which shall designate or 
                appoint personnel at the level of Assistant Secretary 
                or above to participate in the Task Force:

(i) the Department of State;

(ii) the Department of the Treasury;

(iii) the Department of Defense;

(iv) the Department of Justice;

(v) the Department of Agriculture;

(vi) the Department of Commerce;

(vii) the Department of Labor;

(viii) the Department of Health and Human Services;

(ix) the Department of Energy;

(x) the Department of Homeland Security;

(xi) the Office of the Director of National Intelligence;

(xii) the Office of the United States Trade Representative;

(xiii) the Central Intelligence Agency;

(xiv) the United States Agency for International Development;

(xv) the Export-Import Bank of the United States;

(xvi) the Trade and Development Agency;

[[Page 102670]]

(xvii) the United States International Development Finance Corporation; and

(xviii) other agencies and offices as the President may, from time to time, 
designate.

                Sec. 4. Mission and Function. The Task Force shall work 
                across agencies and offices to oversee the development 
                and implementation of an integrated United States 
                Government strategy to respond to and deter coercive 
                economic practices by countries of concern, including 
                the PRC. That strategy shall include the elements 
                outlined in section 5514(c)(1)(A) of the Act (22 U.S.C. 
                3362(c)(1)(A)) and shall, consistent with section 
                5514(c)(2) of the Act (22 U.S.C. 3362(c)(2)), be 
                informed by consultations with relevant stakeholders, 
                including, as necessary and appropriate, stakeholders 
                in the private sector, agencies that are not 
                represented on the Task Force, and foreign allies and 
                partners of the United States. The Task Force shall 
                also perform the other responsibilities set forth in 
                section 5514(c)(1) of the Act (22 U.S.C. 3362(c)(1)).

                Sec. 5. Reporting on the Work and Recommendations of 
                the Task Force. (a) Within 180 days of the date of this 
                memorandum, the Task Force shall submit to the Congress 
                the initial report described in section 5514(e)(1) of 
                the Act (22 U.S.C. 3362(e)(1)).

                    (b) Within 1 year of submitting the initial report 
                described in subsection (a) of this section, the Task 
                Force shall submit to the Congress the first interim 
                report described in section 5514(e)(2)(A) of the Act 
                (22 U.S.C. 3362(e)(2)(A)).
                    (c) Within 1 year of submitting the first interim 
                report described in subsection (b) of this section, the 
                Task Force shall submit to the Congress the second 
                interim report described in section 5514(e)(2)(B) of 
                the Act (22 U.S.C. 3362(e)(2)(B)).
                    (d) Within 30 days of submitting the second interim 
                report described in subsection (c) of this section, the 
                Task Force shall submit to the Congress the final 
                report described in section 5514(e)(3) of the Act (22 
                U.S.C. 3362(e)(3)).
                    (e) The Task Force shall also consolidate any input 
                received and submit periodic recommendations to the 
                President on policies and regulatory actions to address 
                systemic harms from PRC economic coercion.

                Sec. 6. General Provisions. (a) Nothing in this 
                memorandum shall be construed to impair or otherwise 
                affect:

(i) the authority granted by law to an executive department or agency, or 
the head thereof; or

(ii) the functions of the Director of the Office of Management and Budget 
relating to budgetary, administrative, or legislative proposals.

                    (b) This memorandum shall be implemented consistent 
                with applicable law and subject to the availability of 
                appropriations.

[[Page 102671]]

                    (c) This memorandum is not intended to, and does 
                not, create any right or benefit, substantive or 
                procedural, enforceable at law or in equity by any 
                party against the United States, its departments, 
                agencies, or entities, its officers, employees, or 
                agents, or any other person.
                    (d) The Attorney General is authorized and directed 
                to publish this memorandum in the Federal Register.
                
                
                    (Presidential Sig.)

                THE WHITE HOUSE,

                    Washington, December 12, 2024

[FR Doc. 2024-30208
Filed 12-16-24; 11:15 am]
Billing code 4410-19-P
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