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February 4, 2024
Last week, the United States added more than a dozen Chinese companies to the list, created by the Defense Department to highlight firms it alleges are working with Beijings military.
June 9, 2021
On June 3, 2021, President Biden issued a new executive order (E.O.), āAddressing the Threat from Securities Investments that Finance Certain Companies of the Peopleās Republic of...
December 31, 2020
On December 28, 2020, the U.S. Treasury Departmentās Office of Foreign Assets Control (ā FAQsā) that clarify the scope of Executive Order (ā E.O.ā) 13959, the basis for OFACās new Chinese Military Companies sanctions program. These FAQs define key terms and clarify how OFAC will interpret E.O. 13959ās prohibition against U.S. investment in the securities of Communist Chinese Military Companies (ā CCMCsā), which goes into effect on January 11, 2021. In general, like previous sa...
December 29, 2020
Trump Administration Tightens Ban on Investment in Chinese Military Companies WASHINGTONāThe Treasury Department on Dec. 28 released guidance for investors about the presidentās new executive order that bans investment in companies with ties to the Chinese military. The guidelines clarify that the ban will include subsidiaries of all Chinese firms in the Pentagonās blacklist, handing a clear win to national security advocates. The notice came after a conflict reportedly broke out within t...
December 15, 2020
To embed, copy and paste the code into your website or blog: One of the widest-ranging bills of the U.S. Congressās legislative year, the National Defense Authorization Act for Fiscal Year 2021 ( NDAA), is nearing the finish line as both the House and Senate overwhelmingly approved the bill last week. Now the NDAA is on its way to President Trumpās desk for his signature (or potential vetoāmore on that below). As with most NDAAs in recent years, Congress has included a host of sanctions a...
March 18, 2019
You are assuming theres a list someplace were not given to congress which is false. there is a process we are going through -- chris: i may be wrong that the pentagon had given a list. >> that is not true. there is no identified list of projects that will not be funded. there is an identified list of projects that will not be touched in 2019. that may be what youre hearing about. were still going to the process of prioritizing.what project on the pentagon list for 2020 and beyond already funded ...
March 17, 2019
>> the assumption is not right. you are assuming theres a list someplace were not given to congress which is false. there is a process we are going through -- chris: i may be wrong that the pentagon had given a list. >> that is not true. there is no identified list of projects that will not be funded. there is an identified list of projects that will not be touched in 2019. that may be what youre hearing about. were still going to the process of prioritizing.what project on the pentagon list for...