Biden Renews Authority to Ban Investments in Chinese Military Companies
President Joe Biden this week extended a national emergency that authorizes a ban on certain U.S. investments in Chinese military companies. Biden in 2021 expanded the ban, first issued during the Trump administration, by widening the scope of the restrictions to cover companies operating in China’s surveillance technology sector (see 2106030067).
The White House said securities investments that finance certain Chinese companies and Chinese surveillance technology "continue to pose an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States." The national emergency was extended for one year beyond Nov. 12.