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President Biden Issues Executive Order Amending Restrictions on Chinese Military and Surveillance Companies | Wilson Sonsini Goodrich & Rosati

President Biden Issues Executive Order Amending Restrictions on Chinese Military and Surveillance Companies | Wilson Sonsini Goodrich & Rosati
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Factbox: U.S. Treasury updates list of Chinese entities hit by investment ban

The U.S. Treasury Department is updating a government list of Chinese companies and entities with alleged ties to defense or surveillance technology sectors, making them subject to a U.S. investment ban. ....

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Joe Biden Announces Ban On U.S Investments In 59 Chinese Companies With Either Links To PRC Military Or Selling Surveillance Tech

Joe Biden Announces Ban On U.S Investments In 59 Chinese Companies With Either Links To PRC Military Or Selling Surveillance Tech
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US expands ban on investment in Chinese companies

2 hours ago
The US government expanded the ban on Americans investing in Chinese companies with purported ties to China’s military to cover companies in the surveillance technology sector, an executive order stated. The blacklist now includes 59 Chinese companies, up from the 48 banned by the previous administration last November.
The new sanctions go into effect on August 2 and Americans already invested in the blacklisted firms, either directly or through other funds, must divest themselves within a year. The US government has also indicated that additional companies may be added to the list in the coming months.
Aimed at surveillance technology firms ....

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FACT SHEET: Executive Order Addressing the Threat from Securities Investments that Finance Certain Companies of the People's Republic of China

Today, President Biden signed an Executive Order (E.O.) to further address the ongoing national emergency declared in E.O. 13959 of November 12, 2020 with respect to the threat posed by the military-industrial complex of the People’s Republic of China (PRC). President Biden also expanded the scope of this national emergency by finding that the use of Chinese surveillance technology outside the PRC, as well as the development or use of Chinese surveillance technology to facilitate repression or serious human rights abuses, constitute unusual and extraordinary threats. This E.O. allows the United States to prohibit – in a targeted and scoped manner – U.S. investments in Chinese companies that undermine the security or democratic values of the United States and our allies. ....

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