November 9, 2023

US extends national emergencies concerning Iran and the PRC for one year

The White House recently extended the national emergencies concerning Iran and the People’s Republic of China for an additional year.  On November 7, 2023, President Biden extended the national emergency declared in Executive Order 12170 in 1979 with regards to Iran after finding that relations with Iran have not yet normalized, and the implementation of agreements with Iran is ongoing.

In addition, on November 3, 2023, President Biden extended, for one year, the national emergency declared in Executive Order 13959 in 2020 and expanded by EO 14032 in 2021, which relates to the continuing threat posed to US national security by securities investments that finance certain companies in the PRC.  The national emergency was declared after the President determined that the PRC had compelled civilian Chinese companies to support its military and intelligence activities – companies that raise capital by selling securities on public exchanges in the US and abroad that is used to modernize and develop Chinese surveillance technology.  The President extended the national emergency because the securities investments and the development of Chinese surveillance technology continue to pose an “unusual and extraordinary threat to the national security, foreign policy, and economy of the United States.”

White House Notice – Iran | White House Press Release – PRC