Trump further cuts off Chinese military companies’ access to Western capital
President Donald Trump advised in a letter to the the Speaker of the House of Representatives and the President of the Senate, that he has amended his Executive Order 13959 to:
prohibit certain sales as well as purchases of publicly traded securities, or any securities that are derivative of, or are designed to provide investment exposure to such securities, of any Communist Chinese military company.
The amendment also:
prohibit possession of such securities by United States persons 1 year after a company is determined to be a Communist Chinese military company. And, finally, they allow the Secretary of Defense publicly to list whether a company is a Communist Chinese military company using the criteria in section 1237(b)(4)(B) of Public Law 105-261, as amended by section 1233 of Public Law 106-398 and section 1222 of Public Law 108‑375, regardless of whether the Secretary must report that determination under section 1237(b)(2)
The President appears to be closing up some legal loopholes in Executive Order 13959.
Shortly after the letter was published, Right Side Broadcasting Network (RSBN) tweeted out the breaking news, which were promptly taken down by Twitter.
Screenshots of RSBN’s tweets are reproduced here.