Presidential Documents

Federal Register / Vol. 86, No. 107 / Monday, June 7, 2021 / Presidential Documents 30145 

Executive Order 14032 of June 3, 2021 

Addressing the Threat From Securities Investments That Finance Certain Companies of the People’s Republic of China 

By the authority vested in me as President by the Constitution and the 

laws of the United States of America, including the International Emergency 

Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.) (NEA), and section 301 of title 3, 

United States Code, 

I, JOSEPH R. BIDEN JR., President of the United States of America, find 

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 People’s Republic of China (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. 

Accordingly, I hereby order as follows: 

Section 1. Sections 1 through 5 of Executive Order 13959, as amended 

by Executive Order 13974 of January 13, 2021 (Amending Executive Order 

13959—Addressing the Threat From Securities Investments That Finance 

Communist Chinese Military Companies), are hereby replaced and superseded in their entirety to read as follows: 

‘‘Section 1. (a) The following activities by a United States person are prohibited: the purchase or sale of any publicly traded securities, or any publicly 

traded securities that are derivative of such securities or are designed to 

provide investment exposure to such securities, of any person listed in 

the Annex to this order or of any person determined by the Secretary 

of the Treasury, in consultation with the Secretary of State, and, as the 

Secretary of the Treasury deems appropriate, the Secretary of Defense: 

(i) to operate or have operated in the defense and related materiel sector 

or the surveillance technology sector of the economy of the PRC; or 

(ii) to own or control, or to be owned or controlled by, directly or indirectly, 

a person who operates or has operated in any sector described in subsection 

(a)(i) of this section, or a person who is listed in the Annex to this 

order or who has otherwise been determined to be subject to the prohibitions in subsection (a) of this section. 

(b) The prohibitions in subsection (a) of this section shall take effect: 

(i) beginning at 12:01 a.m. eastern daylight time on August 2, 2021, with 

respect to any person listed in the Annex to this order; or 

(ii) beginning at 12:01 a.m. eastern daylight time on the date that is 

60 days after the date of the determination in subsection (a) of this 

section with respect to any person not listed in the Annex to this order. 


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(c) The purchase or sale of publicly traded securities described in subsection (a) of this section made solely to effect the divestment, in whole 

or in part, of such securities by a United States person is permitted prior 

to: 

(i) 12:01 a.m. eastern daylight time on June 3, 2022, with respect to 

any person listed in the Annex to this order; or 

(ii) 12:01 a.m. eastern daylight time on the date that is 365 days after 

the date of the determination in subsection (a) of this section with respect 

to any person not listed in the Annex to this order. 

(d) The prohibitions in subsection (a) of this section apply except to 

the extent provided by statutes, or in regulations, orders, directives, or 

licenses that may be issued pursuant to this order, and notwithstanding 

any contract entered into or any license or permit granted before the date 

of this order. 

Sec. 2. (a) Any transaction that evades or avoids, has the purpose of evading 

or avoiding, causes a violation of, or attempts to violate any of the prohibitions set forth in this order is prohibited. 

(b) Any conspiracy formed to violate any of the prohibitions set forth 

in this order is prohibited. 

Sec. 3. For the purposes of this order: 

(a) the term ‘‘entity’’ means a partnership, association, trust, joint venture, 

corporation, group, subgroup, or other organization; 

(b) the term ‘‘person’’ means an individual or entity; 

(c) the term ‘‘publicly traded securities’’ includes any ‘‘security,’’ as defined 

in section 3(a)(10) of the Securities Exchange Act of 1934, Public Law 

73–291 (as codified as amended at 15 U.S.C. 78c(a)(10)), denominated in 

any currency that trades on a securities exchange or through the method 

of trading that is commonly referred to as ‘‘over-the-counter,’’ in any jurisdiction; and 

(d) the term ‘‘United States person’’ means any United States citizen, 

lawful permanent resident, entity organized under the laws of the United 

States or any jurisdiction within the United States (including foreign 

branches), or any person in the United States. 

Sec. 4. The Secretary of the Treasury, in consultation with the Secretary 

of State, is hereby authorized to take such actions, including the promulgation 

of rules and regulations, and to employ all powers granted to the President 

by IEEPA, as may be necessary to carry out the purposes of this order. 

The Secretary of the Treasury may, consistent with applicable law, redelegate 

any of these functions within the Department of the Treasury. All executive 

departments and agencies (agencies) of the United States shall take all appropriate measures within their authority to carry out the provisions of this 

order. 

Sec. 5. The Secretary of the Treasury, in consultation with the Secretary 

of State, is hereby authorized to submit recurring and final reports to the 

Congress on the national emergency declared in this order, consistent with 

section 401(c) of the NEA (50 U.S.C. 1641(c)) and section 204(c) of IEEPA 

(50 U.S.C. 1703(c)). 

Sec. 6. The Secretary of the Treasury, in consultation with the Secretary 

of State, and, as the Secretary of the Treasury deems appropriate, the Secretary of Defense, is hereby authorized to determine that circumstances 

no longer warrant the application of the prohibitions in section 1(a) of 

this order with respect to a person listed in the Annex to this order, and 

to take necessary action to give effect to that determination.’’ 

Sec. 2. The Annex to Executive Order 13959 is replaced and superseded 

in its entirety by the Annex to this order. 

Sec. 3. Section 6 of Executive Order 13959 is amended to replace ‘‘Sec. 

6.’’ with ‘‘Sec. 7.’’ 


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Sec. 4. Executive Order 13974 is hereby revoked in its entirety. The Secretary 

of the Treasury and the heads of agencies shall take all necessary steps 

to rescind any orders or prohibitions issued prior to the date of this order 

implementing or enforcing Executive Order 13974 or the versions of sections 

1 through 5 of Executive Order 13959 replaced and superseded by section 

1 of this order. 

Sec. 5. (a) Nothing in this order 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 order shall be implemented consistent with applicable law and 

subject to the availability of appropriations. 

(c) This order 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. 

THE WHITE HOUSE, 

June 3, 2021. 

Billing code 3295–F1–P 


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Annex 

AERO ENGINE CORPORATION OF CHINA 

AEROSPACE CH UAV CO., LTD 

AEROSPACE COMMUNICATIONS HOLDINGS GROUP COMPANY LIMITED 

AEROSUN CORPORATION 

ANHUI GREATWALL MILITARY INDUSTRY COMPANY LIMITED 

AVIATION INDUSTRY CORPORATION OF CHINA, LTD. 

AVIC AVIATION HIGH-TECHNOLOGY COMPANY LIMITED 

AVIC HEAVY MACHINERY COMPANY LIMITED 

AVIC JONHON OPTRONIC TECHNOLOGY CO., LTD. 

AVIC SHENYANG AIRCRAFT COMPANY LIMITED 

AVIC XI'AN AIRCRAFT INDUSTRY GROUP COMPANY LTD. 

CHANGSHA JINGJIA MICROELECTRONICS COMPANY LIMITED 

CHINA ACADEMY OF LAUNCH VEHICLE TECHNOLOGY 

CHINA AEROSPACE SCIENCE AND INDUSTRY CORPORATION LIMITED 

CHINA AEROSPACE SCIENCE AND TECHNOLOGY CORPORATION 

CHINA AEROSPACE TIMES ELECTRONICS CO., LTD 

CHINA AVIONICS SYSTEMS COMPANY LIMITED 

CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED 

CHINA COMMUNICATIONS CONSTRUCTION GROUP (LIMITED) 

CHINA ELECTRONICS CORPORATION 

CHINA ELECTRONICS TECHNOLOGY GROUP CORPORATION 

CHINA GENERAL NUCLEAR POWER CORPORATION 

CHINA MARINE INFORMATION ELECTRONICS COMPANY LIMITED 

CHINA MOBILE COMMUNICATIONS GROUP CO., LTD. 

CHINA MOBILE LIMITED 

CHINA NATIONAL NUCLEAR CORPORATION 

CHINA NATIONAL OFFSHORE OIL CORPORATION 

CHINA NORTH INDUSTRIES GROUP CORPORATION LIMITED 

CHINA NUCLEAR ENGINEERING CORPORATION LIMITED 

CHINA RAILWAY CONSTRUCTION CORPORATION LIMITED 

CHINA SATELLITE COMMUNICATIONS CO., LTD. 

CHINA SHIPBUILDING INDUSTRY COMPANY LIMITED 

CHINA SHIPBUILDING INDUSTRY GROUP POWER COMPANY LIMITED 

CHINA SOUTH INDUSTRIES GROUP CORPORATION 
Federal Register / Vol. 86, No. 107 / Monday, June 7, 2021 / Presidential Documents 30149 

[FR Doc. 2021–12019 

Filed 6–4–21; 8:45 am] 

Billing code 3295–F1–C 


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2 

CHINA SPACESAT CO., LTD. 

CHINA STATE SHIPBUILDING CORPORATION LIMITED 

CHINA TELECOM CORPORATION LIMITED 

CHINA TELECOMMUNICATIONS CORPORATION 

CHINA UNICOM (HONG KONG) LIMITED 

CHINA UNITED NETWORK COMMUNICATIONS GROUP CO., LTD. 

CNOOC LIMITED 

COSTAR GROUP CO., LTD. 

CSSC OFFSHORE & MARINE ENGINEERING (GROUP) COMPANY LIMITED 

FUJIAN TORCH ELECTRON TECHNOLOGY CO., LTD. 

GUIZHOU SPACE APPLIANCE CO., LTD 

HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD. 

HUAWEI INVESTMENT & HOLDING CO., LTD. 

HUAWEI TECHNOLOGIES CO., LTD. 

INNER MONGOLIA FIRST MACHINERY GROUP CO., LTD. 

INSPUR GROUP CO., LTD. 

JIANGXI HONGDU AVIATION INDUSTRY CO., LTD. 

NANJING PANDA ELECTRONICS COMPANY LIMITED 

NORTH NAVIGATION CONTROL TECHNOLOGY CO., LTD. 

PANDA ELECTRONICS GROUP CO., LTD. 

PROVEN GLORY CAPITAL LIMITED 

PROVEN HONOUR CAPITAL LIMITED 

SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION 

SHAANXI ZHONGTIAN ROCKET TECHNOLOGY COMPANY LIMITED 

ZHONGHANG ELECTRONIC MEASURING INSTRUMENTS COMPANY LIMITED