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Office of Foreign Assets Control (OFAC) Trump Administration Executive Orders

American Conference Institute (ACI)

[Virtual Conference] Ensuring Compliance with U.S. and China Economic Sanctions - September 21st, 11:00 am - 5:00 pm EDT

ACI’s premier conference “Ensuring Compliance with U.S. and China Economic Sanctions” will take place on September 2021 (EDT) in a virtual format. On November 12, 2020, President Trump signed Executive Order 13959...more

Wilson Sonsini Goodrich & Rosati

President Biden Issues Executive Order Amending Restrictions on Chinese Military and Surveillance Companies

On June 3, 2021, President Biden signed Executive Order 14032 (Addressing the Threat from Securities Investments That Finance Certain Companies of the People's Republic of China), modifying the prohibitions placed by the...more

Dorsey & Whitney LLP

Biden Administration Revises and Expands Restrictions on U.S. Person Investment in Chinese Companies and Releases New List of...

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The Biden Administration last week substantially modified restrictions on U.S. person investments in certain Chinese companies, focusing those new restrictions particularly on entities with ties to the Chinese defense or...more

Holland & Knight LLP

U.S. Removes Xiaomi from List of Banned Chinese Companies

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The U.S. government officially removed Chinese smartphone maker Xiaomi Corp. from its blacklist, ending the Trump-era ban prohibiting Americans from investing in the company. In their joint filing in the U.S. District Court...more

Morrison & Foerster LLP

U.S. Court Blocks Trump-Era Designation Of Xiaomi As A Chinese Military Company And Permits Continued Trading In Its Securities

On March 12, 2021, a U.S. district court granted a temporary injunction requested by the Hong Kong-listed, Chinese electronics giant, Xiaomi Corporation (“Xiaomi”). The injunction blocks the U.S. Department of Defense (“DoD”)...more

Miller Canfield

Recent Developments on U.S. Ban on American Investment in Chinese Military Companies

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This alert addresses recent developments relating to former President Trump's executive orders on Chinese Military Companies that affect both investors in covered securities and exporters. OFAC's Frequent Asked Questions -...more

Proskauer Rose LLP

Chinese Military Companies Trading Ban: Overview of OFAC’s Ongoing Guidance

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On November 12, 2020, the Trump Administration issued an Executive Order prohibiting U.S. persons from trading securities and related derivatives in “Communist Chinese Military Companies” (CCMCs), effective 60 days later on...more

Goodwin

OFAC Implements Chinese Military Company Sanctions, Issues Rounds of New FAQs

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The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has implemented new sanctions affecting China pursuant to Executive Order (“E.O.”) 13959, one of the Trump Administration’s final actions. The...more

Morrison & Foerster LLP

Trump Administration Continues Its Aggressive Approach Toward Chinese Military Company Sanctions

Former US President Trump during his term of office only a week, before the release of its 13959 No. Executive Order ( "Executive Order") has been modified . The previous executive order prohibits Americans from investing in...more

Morrison & Foerster LLP

Trump Administration Continues Its Aggressive Approach Toward Chinese Military Company Sanctions

With just one week remaining in his term, President Trump amended Executive Order (“EO”) 13959, which prohibits U.S. persons from investing in the securities of Chinese Military Companies (“CMCs”), to continue his aggressive...more

Akin Gump Strauss Hauer & Feld LLP

New Executive Order Restricts U.S. Persons from Trading in Publicly Traded Securities and Derivatives of Certain “Communist...

Key Points - On November 12, 2020, President Trump issued a new EO prohibiting U.S. persons from engaging in transactions in publicly traded securities of certain CCMCs, or any securities that are derivative of, or are...more

WilmerHale

OFAC Issues Guidance on Sanctioned Chinese Military Companies

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On December 28, 2020, the Department of the Treasury Office of Foreign Assets Control (OFAC) published awaited guidance on the implementation of Executive Order (EO) 13959, “Executive Order on Addressing the Threat from...more

Morrison & Foerster LLP

New OFAC FAQs Clarifying And Broadening Sanctions On Chinese Military Companies

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On December 28, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued five new frequently asked questions (“FAQs”) that clarify the scope of Executive Order (“E.O.”) 13959, the basis for OFAC’s...more

BCLP

Updates on U.S. sanctions affecting parties in Hong Kong and China - December 2020

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Following our recent Client Alert published in October 2020 on the release of the Section 5(a) Report under the Hong Kong Autonomy Act of 2020 (“HKAA”), there have now been some further updates in relation to U.S. sanctions...more

Stinson - Government Contracting Matters

EO Addressing Threat from Securities Investments in Chinese Military Companies

As a preface to this blog, I recently gave a presentation with Nate Picarsic and Emily de la Bruyere at the American Bar Association Public Contract Law Section Fall Procurement Symposium on “China’s Military-Civil Fusion...more

K2 Integrity

Policy Alert: United States Prohibits Investment in Chinese Companies with Military Ties

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On November 12, 2020, President Trump issued an Executive Order on Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies (the “Investment EO” or the “EO”).1 The Investment EO may...more

Dorsey & Whitney LLP

Trump Administration Bars U.S. Investments in Certain Chinese Companies Linked to Chinese Military

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On November 12, 2020, President Trump issued Executive Order 139591 (“the Order”) that will shortly bar any U.S. person from “any transaction in publicly traded securities, or any securities that are derivative of, or are...more

Skadden, Arps, Slate, Meagher & Flom LLP

US Imposes New Restrictions on Chinese Military Companies

On November 12, 2020, President Trump signed Executive Order 13959 prohibiting U.S. persons from engaging in any transaction in publicly traded securities in “Communist Chinese military companies” (CCMCs), effective January...more

Morgan Lewis

Implications of the New Executive Order Prohibiting Transactions in Publicly Traded Securities of Chinese Military Companies

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The new Executive Order (EO or the Order) bans transactions by US persons in publicly traded securities of companies identified as “Chinese military companies,” and includes a ban on trading in derivatives of those securities...more

Morrison & Foerster LLP

Trump Administration Gives Teeth To Pentagon List And Restricts U.S. Investment In Publicly Traded Securities Of Chinese Military...

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Over the past summer, prompted by a bipartisan Congressional letter identifying a two‑decade‑old statute as an unused tool in confronting China’s strategy of “Military-Civilian Fusion,” the U.S. Department of Defense (“DOD”)...more

Mayer Brown Free Writings + Perspectives

Executive Order Prohibiting U.S. Investments in Communist Chinese Military Companies

A Presidential executive order was issued on November 12, 2020 finding that “the People’s Republic of China (“PRC”) is increasingly exploiting United States capital to resource and to enable the development and modernization...more

Dechert LLP

Trumps Bans Investments in Publicly Traded Securities of “Chinese Military Companies”

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President Trump issued an Executive Order on November 12, 2020 that will prohibit U.S. persons from investing in publicly traded securities of certain companies determined to be affiliated with China’s military.  Executive...more

Husch Blackwell LLP

White House Rescinds Sudan’s State Sponsor Of Terrorism Designation, Continues National Emergency

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On November 2, 2020, the White House released a notice continuing the national emergency with respect to Sudan declared in Executive Order 13067 of 1997. Secretary of State Mike Pompeo issued a press statement clarifying...more

Morgan Lewis

Hong Kong Autonomy Act: An Update

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The US Secretary of the Treasury announced sanctions this summer on 11 individuals who the Secretary views as being involved in implementing the recently enacted Law of the People’s Republic of China on Safeguarding National...more

Morrison & Foerster LLP

U.S. “Maximum Pressure” Campaign Expands Isolation Of Iran’s Financial Sector

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On Thursday, October 8, 2020, U.S. Secretary of the Treasury Steven Mnuchin identified the Iranian financial sector as subject to the sectoral sanctions of Executive Order (“E.O.”) 13902, escalating the formidable Trump...more

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