Political News & Social Views

Tag: Executive Order

‘Foolish and Naive’: US Lawmakers Decry Biden Admin’s Greenlight of China Military Investment

Under an executive order President Joe Biden issued in June 2021, U.S. investors had 365 days to divest their shares in 59 entities linked to the Chinese military. Two days before the June 3 deadline, however, the Treasury Department quietly issued new guidance telling U.S. investors that they wouldn’t face punishment for holding on to such securities after the divestment period.