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Biden bans U.S. investment in companies linked to China's surveillance activities

President Joe Biden issued an executive order Thursday that would ban Americans from investing in companies linked to China's military and its surveillance activities.

Why it matters: Biden's executive order is an expansion of one issued by the Trump administration in November 2020, and shows that the Biden administration "continuing some of the hard-line China policies left by former President Donald Trump," according to the Wall Street Journal.


The big picture: The Trump administration's executive order banned Americans from investing in 31 companies linked to the Chinese government.

  • Biden's executive order expands on the order, listing 59 companies and includes Chinese technology firms that make or deploy surveillance technology, which contribute to the "surveillance of religious or ethnic minorities or otherwise facilitate repression and serious human rights abuses," per the White House press release.
  • The goal of the executive order is to "ensure that U.S. investments are not supporting Chinese companies that undermine the security or values of the United States and our allies," per the release.
  • The ban will take effect on August 2, but investors will be allowed to conduct trades over the next year in order to divest themselves of their holdings in the banned companies, per the Financial Times.

Of note: In order to effectively crack down on China's use of surveillance technology the U.S. would need to convince its allies in Europe, as well as Japan and South Korea, to also institute similar investment bans, the New York Times notes.

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House Judiciary chairman accuses Attorney General Barr of undermining democratic norms

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Why it matters: The hearing, which focuses on the DOJ's alleged politicization under Barr, is the attorney general's first time appearing before the committee. Barr in his own remarks accused the committee's Democrats of trying to discredit him over his investigations into the origins of the FBI's Russia probe.

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Data: The COVID Tracking Project, state health departments; Note: Due to a database error, Missouri had a 3 day gap in reporting from Oct. 11-13; Map: Andrew Witherspoon/Axios

Every available piece of data proves it: The coronavirus pandemic is getting worse again, all across America.

The big picture: As the death toll ticks past 212,000, at a moment when containing the virus ought to be easier and more urgent than ever, we are instead giving it a bigger foothold to grow from.

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Fauci says transition delay harmful to public health as COVID-19 cases surge

NIAID Director Anthony Fauci said on CNN's "State of the Union" Sunday that President Trump's refusal to cooperate with President-elect Biden's transition team hurts public health as coronavirus cases surge across the country.

The state of play: As President Trump refuses to concede the election to President-elect Joe Biden, General Services Administration Administrator Emily Murphy has not signed documents declaring Biden the apparent winner, preventing the president-elect's agency review teams from having access to the information they need in order to get to work.

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Biden to unveil executive actions on gun violence prevention

President Biden is expected to present a series of executive actions on guns Thursday, including directing his Justice Department to tighten regulations on purchases of so-called “ghost guns."

Why it matters: The president has faced increased pressure from Democrats and gun violence prevention groups to act on the issue following a series of recent high-profile gun tragedies across the U.S.

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