Sec. under the hong kong autonomy act, the secretary of state is required to regularly update congress on foreign persons who are materially contributing to, have materially contributed to, or attempt to materially contribute to the failure of the people's republic of china (prc) to meet its obligations under the sino-british joint declaration or hong … This bill imposes sanctions on foreign individuals and entities that materially contribute to China's failure to preserve Hong Kong's autonomy. Hong Kong Autonomy Act Blogs, Comments and Archive News on Economictimes.com Sec. Identification of foreign persons involved in the erosion of the obligations of China under the Joint . Hong Kong Autonomy Act Signals Significant Shift in US-Hong Kong Relations. under the hong kong autonomy act, the secretary of state is required to regularly update congress on foreign persons who are materially contributing to, have materially contributed to, or attempt to materially contribute to the failure of the people's republic of china (prc) to meet its obligations under the sino-british joint declaration or hong … Today's update identifies 24 PRC and Hong Kong officials whose actions have reduced Hong Kong's high degree of autonomy, including 14 vice chairs of the National People's Congress Standing Committee and officials in the Hong Kong Police Force's National Security Division, the Hong Kong and Macau Affairs Office, and the . On July 2, 2020, the US Congress unanimously passed the Hong Kong Autonomy Act (H.R. Certain activities related to the Hong Kong-Related Sanctions may be allowed if they are licensed by OFAC. Separately on Monday, the US State Department updated its report last year about the status of Hong Kong measured against the Joint Declaration, which was authorised by the Hong Kong Autonomy Act . on freedom of the press and the erosion of Hong Kong's autonomy. More must be done to hold the CCP accountable - the Hong Kong Autonomy Act and the executive order revoking Hong Kong's special status are important steps toward ensuring that the CCP, Hong Kong government and corporations, especially financial institutions, will not continue to profit off the gross violations and suppression by the CCP. SHORT TITLE; TABLE OF CONTENTS. The HKAA provides for mandatory sanctions against individuals, entities and financial institutions in response to China's National Security Law for Hong Kong. read more an update to a . CHAN, Kwok-ki (Chinese Traditional: 陳國基; Chinese Simplified: 陈国基)), Flat F, 20 Floor, Block 2, Royal Ascot, Shatin, Hong Kong; DOB 05 Apr . President Trump Signs Hong Kong Autonomy Act, Issues Executive Order Authorizing Sanctions and Other Measures July 16, 2020 On July 14, 2020, President Trump signed into law the Hong Kong Autonomy Act ("HKAA") and issued a new executive order, "The President's Executive Order on Hong Kong Normalization" (the "Order"). The U.S. Secretary of State Anthony Blinken said the release of the latest update to the Hong Kong Autonomy Act report showed that China's National People's Congress had unilaterally undermined . China's actions to limit Hong Kong's autonomy resulted in action by the Trump Administration through a certification that Hong Kong was no longer sufficiently autonomous to warrant treatment separate from China. The . (b) Table of contents.—The table of contents for this Act is as follows: Sec. Short title; table of contents. Ned Price, Department Spokesperson The Hong Kong Autonomy Act Report to Congress, released today, underscores the United States' deep concerns about Beijing's clear efforts to deprive Hong Kongers of a meaningful voice in the December 19 Legislative Council (LegCo) elections. The U.S. on Thursday night issued a stern warning to China against imposing the law on Hong Kong, saying a high-degree of autonomy and respect for human rights were key to preserving the enclave's special status. With yesterday's release of the State Department of the Hong Kong Policy Act Report, it is clear that the Biden Administration continues to see Hong Kong's autonomy as compromised. Naming the five bought to 39 the number of officials so designated under the terms of the U.S. Hong Kong Autonomy Act since October last year. "Protecting space for peaceful alternative views is the most effective way to ensure the stability and prosperity of Hong Kong. Under the Hong Kong Autonomy Act, the Secretary of State is required to update Congress regularly on foreign persons who are materially contributing to, have materially contributed to, or attempt to contribute materially to the failure of the PRC to meet its obligations under the Sino-British Joint Declaration or Hong Kong's Basic Law, as . 7440), which authorizes and imposes sanctions on foreign persons, entities and financial institutions contributing to China's actions to remove autonomy from Hong Kong. "Foreign . Hong Kong Autonomy Act Signals Significant Shift in US-Hong Kong Relations. 7440) (the Act), and shortly thereafter on July 14, 2020, President Donald Trump signed the Act into law and. On July 14, 2020, President Donald Trump signed into law the " Hong Kong Autonomy Act" (H.R. It came after a statement issued by the US Department of State on Monday, which said under the Hong Kong Autonomy Act, the Secretary of State is required to update Congress regularly on foreign . CHAN, Eric Kwok-ki; a.k.a. Subscribe to get daily news updates, insights and . The updates are connected to the State Department's "Update to Report on the Identification of Foreign Persons Involved in the Erosion of the Obligations of China Under the Joint Declaration or the Basic Law."The following changes have been made to OFAC's SDN List: CAI, Dafeng (Chinese Simplified: 蔡达峰; Chinese . The United States is concerned by the People's Republic of China's (PRC) continued efforts to undermine the . . Together with the " President's Executive Order on Hong Kong . under the hong kong autonomy act, the secretary of state is required to update congress regularly on foreign persons who are materially contributing to, have materially contributed to, or attempt to contribute materially to the failure of the prc to meet its obligations under the sino-british joint declaration or hong kong's basic law, as defined … The Hong Kong Autonomy Act ( HKAA ), [1] enacted on July 14, 2020, authorizes a range of significant sanctions on persons and financial institutions in reaction to the new law on Safeguarding National Security in the Hong Kong Special Administrative Region (the HK National Security Law ), [2] which came into force in Hong Kong on June 30, 2020. Naming the five bought to 39 the number of officials so designated under the terms of the U.S. Hong Kong Autonomy Act since October last year. The release of today's update to the Hong Kong Autonomy Act report underscores our deep concern with the National People's Congress March 11 decision to unilaterally undermine Hong Kong's electoral system. On October 14, 2020, pursuant to the Hong Kong Autonomy Act (HKAA), the State Department submitted to Congress a report identifying foreign persons "who are materially contributing to, have materially contributed to, or attempt to materially contribute to the failure of the People's Republic of China (China) to meet its obligations under the Sino-British Joint Declaration or Hong Kong's . On October 14, 2020, the US State Department released its report required under Section 5(a) of the Hong Kong Autonomy Act ("HKAA"). The United States is concerned by the People's Republic of China's (PRC) continued efforts to undermine the democratic institutions … . On October 14, 2020, the US State Department released its report required under Section 5 (a) of the Hong Kong Autonomy Act ("HKAA"). defined by the Act. A six-monthly State Department report to Congress named the five as Chen Dong, He Jing, Lu Xinning, Tan Tienui and Yin Zonghua, all deputy directors at China's Hong Kong liaison office. Under the Hong Kong Autonomy Act, the Secretary of State is required to update Congress regularly on foreign persons who are materially contributing to, have materially contributed to, or attempt to contribute materially to the failure of the PRC to meet its obligations under the Sino-British Joint Declaration or Hong Kong's Basic Law, as . British journalist Simon Jenkins wrote an opinion piece on the law and its response, expressing pride at the democracy still shown in Hong Kong but also affirming that even these local democracy activists have long felt Hong Kong would end up a Chinese enclave. Sections 5, 6, and 7 outline the sanctions measures. Visit the link below to apply for an OFAC license. The Hong Kong Autonomy Act Report to Congress, released today, underscores the United States' deep concerns about Beijing's clear efforts to deprive Hong Kongers of a meaningful voice in the December 19 Legislative Council (LegCo) elections. It is the sense of Congress that-- (1) the United States continues to uphold the principles and policy established in the United States-Hong Kong Policy Act of 1992 (22 U.S.C. President Trump signed into law the Hong Kong Autonomy Act and issued a new executive order, which collectively put into place a framework for the U.S. government's policy response to China's enactment of a new National Security Law concerning Hong Kong. On July 14, 2020, President Trump signed into law the Hong Kong Autonomy Act ("HKAA") providing for the imposition of sanctions on foreign persons who materially contribute to the undermining of Hong Kong's autonomy by the Government of the People's Republic of China (PRC) and foreign financial institutions who engage in significant transactions with such foreign persons. 7440) (the Act), and shortly thereafter on July 14, 2020, President Donald Trump signed the Act into law and. The U.S. government on July 14, 2020, took two significant steps to address the evolving situation in Hong Kong. Definitions. the sole matter after the resolving clause of which is the following: Congress disapproves of the action under section 8 of the Hong Kong Autonomy Act relating to the application of sanctions imposed with respect to a foreign person that contravenes the obligations of China with respect to Hong Kong, or a foreign financial institution that . This arrangement is enshrined in (1 . An updated version of content addressed in this article is available in our recent update US sanctions with respect to China and Hong Kong.. In response to the national security law introduced in Hong Kong on June 30, 2020, US President Donald Trump signed the Hong Kong Autonomy Act (Act) into law on July 14, 2020. Hong Kong Autonomy Act Update. On December 11, 2020, the Treasury Department submitted its first report to Congress under the Hong Kong Autonomy Act, stating that to date it has not identified any foreign financial institutions (FFIs) that have knowingly conducted a significant transaction with an identified foreign person under the Hong Kong Autonomy Act (HKAA).The Department of the Treasury's Office of Foreign Assets . These were primarily in response to the enactment of the Law of the People's Republic of China on Safeguarding National Security in the Hong Kong Special . Washington, DC () The US Department of State released the following statement:. 668]] U.S.C. Press Statement Antony J. Blinken, Secretary of State March 17, 2021. The Hong Kong Autonomy Act. 5. To date, China has not yet revealed the full details of the national security legislation, though it is expected to pass into law by 30 June, the day before Hong Kong Special Administrative Region Establishment Day. President Trump Signs Into Law the Hong Kong Autonomy Act. under the hong kong autonomy act, the secretary of state is required to regularly update congress on foreign persons who are materially contributing to, have materially contributed to, or attempt to materially contribute to the failure of the people's republic of china (prc) to meet its obligations under the sino-british joint declaration or hong … Report by including language about potential secondary sanctions risks pursuant to the Hong Kong Autonomy Act of . As detailed in our prior Legal Update, Section 5(a) of the HKAA requires the Secretary of State to issue a report to Congress identifying foreign persons who are materially contributing to, have materially contributed to or attempt to materially contribute to the . (a) SHORT TITLE.—This Act may be cited as the ''Hong Kong Autonomy Act''. This action further undermines the high degree of autonomy promised to people in Hong Kong and denies Hong Kongers a voice in their . Hong Kong Autonomy Act Update: Section 5(a) Report Delivered to U.S. Congress Bryan Cave Leighton Paisner LLP Hong Kong October 23 2020 Introduction. Naming the five bought to 39 the number of officials so designated under the terms of the U.S. Hong Kong Autonomy Act since October last year. Economic growth in China is shrinking for the first time since the 1990s. Hong Kong is part of China but has a largely separate legal and economic system with protections for civil rights such as freedom of speech. Under the Hong Kong Autonomy Act, the Secretary of State is required to update Congress regularly on foreign persons who are materially contributing to, have materially contributed to, or attempt to contribute materially to the failure of the PRC to meet its obligations under the Sino-British Joint Declaration or Hong Kong's Basic Law, as . In response to the national security law introduced in Hong Kong on June 30, 2020, US President Donald Trump signed the Hong Kong Autonomy Act (Act) into law on July 14, 2020. 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 affecting parties in Hong Kong and China which we discuss below.. TRUMP ADMINISTRATION IDENTIFIES FOUR ADDITIONAL CHINESE ENTITIES AS MILITARY COMPANIES Sec. Text of S. 3798: Hong Kong Autonomy Act as of Jun 25, 2020 (Passed the Senate version). under the hong kong autonomy act, the secretary of state is required to regularly update congress on foreign persons who are materially contributing to, have materially contributed to, or attempt to materially contribute to the failure of the people's republic of china (prc) to meet its obligations under the sino-british joint declaration or hong … Finally, on June 25, 2020, the U.S. Senate unanimously approved the bi-partisan Hong Kong Autonomy Act, which would impose mandatory sanctions on entities that violate China's obligations to Hong Kong under the Joint Declaration and Basic Law, and on foreign financial institutions that do business with such sanctioned entities. The Hong Kong Special Administrative Region (HKSAR) government on Wednesday condemned the latest wrong move by the U.S. Department of State under an update to the so-called "Hong Kong Autonomy Act . 3. On July 14, 2020, President Trump signed into law the Hong Kong Autonomy Act (HKAA). 4. S. 3798: Hong Kong Autonomy Act Under the Hong Kong Autonomy Act, the Secretary of State is required to update Congress regularly on foreign persons who are materially contributing to, have materially contributed to, or attempt to contribute materially to the failure of the PRC to meet its obligations under the Sino-British Joint Declaration or Hong Kong's Basic Law, as . Yesterday in Tokyo, Japan, I spoke of the need to stand up for our shared democratic values and . This action further undermines the high degree of autonomy promised to people in Hong Kong and denies Hong Kongers a voice in their own governance, a move that the United Kingdom has . On July 14, 2020, Congress passed the Hong Kong Autonomy Act (HKAA) in response to China's unilateral imposition of a National Security Law on Hong Kong, which the State Department has characterized as an act that "has crippled democratic institutions, human rights, judicial independence, and individual freedoms in Hong Kong." under the hong kong autonomy act, the secretary of state is required to regularly update congress on foreign persons who are materially contributing to, have materially contributed to, or attempt to materially contribute to the failure of the people's republic of china (prc) to meet its obligations under the sino-british joint declaration or hong … OFAC also updated these SDN listings: CHAN, Eric (a.k.a. the Hong Kong Autonomy Act Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Hong Kong Autonomy Act Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. the Hong Kong Autonomy Act Blogs, Comments and Archive News on Economictimes.com under the hong kong autonomy act, the secretary of state is required to regularly update congress on foreign persons who are materially contributing to, have materially contributed to, or attempt to materially contribute to the failure of the people's republic of china (prc) to meet its obligations under the sino-british joint declaration or hong … (a) Short title.—This Act may be cited as the "Hong Kong Autonomy Act". Publication of FAQs related to a report pursuant to section 5 (a) of the Hong Kong Autonomy Act; Hong Kong-related Designation Updates 10/14/2020 On October 14, 2020, the Secretary of State submitted to Congress a report pursuant to section 5 (a) of the Hong Kong Autonomy Act. On July 14, 2020, President Trump signed into law the Hong Kong Autonomy Act ("HKAA") providing for the imposition of sanctions on foreign persons who materially contribute to the undermining of Hong Kong's autonomy by the Government of the People's Republic of China ("PRC . certain obligations of China with respect to Hong Kong, and for other purposes. INTRODUCTION. With yesterday's release of the State Department of the Hong Kong Policy Act Report, it is clear that the Biden Administration continues to see Hong Kong's autonomy as compromised. Report by including language about potential secondary sanctions risks pursuant to the Hong Kong Autonomy Act of . Hong Kong Autonomy Act. 7440) (the Act), and shortly thereafter on July 14, 2020, President Donald Trump signed the Act into law and also issued Executive Order 13936, titled "The President's Executive Order on Hong Kong Normalization" (the Executive Order or EO 13936). Titled the Hong Kong Autonomy Act, it will now pass to the US president. It may be in your and the U.S. government's interest to authorize particular economic activity related to the Hong Kong-Related Sanctions . On July 2, 2020, the US Congress unanimously passed the Hong Kong Autonomy Act (H.R. An updated version of content addressed in this article is available in our recent update US sanctions with respect to China and Hong Kong.. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. These were primarily in response to the enactment of the Law of the People's Republic of China on Safeguarding National Security in the Hong Kong Special . 5701 note), which remain consistent with China . The Hong Kong Autonomy Act Report to Congress, released today, underscores the United States' deep concerns about Beijing's clear efforts to deprive Hong Kongers of a meaningful voice in the . Divert Global Attention. under the hong kong autonomy act, the secretary of state is required to update congress regularly on foreign persons who are materially contributing to, have materially contributed to, or attempt to contribute materially to the failure of the prc to meet its obligations under the sino-british joint declaration or hong kong's basic law, as defined … On December 11, 2020, the US Treasury Department's Office of Foreign Assets Control (OFAC) issued a much-anticipated report under Section 5(b) of the Hong Kong Autonomy Act (HKAA) that—to the relief of non-US financial institutions, including those in Hong Kong—stated the Treasury Department had not identified any foreign financial institution (FFI) at risk of secondary sanctions under . Among other things, these new. The Hong Kong Autonomy Act Report to Congress, released today, underscores the United States' deep concerns about Beijing's clear efforts to deprive Hong Kongers of a meaningful voice in the December 19 Legislative Council (LegCo) elections. Hong Kong Autonomy Act Update: Section 5(a) Report Delivered to U.S. Congress . Sense of Congress regarding Hong Kong. On July 2, 2020, the US Congress unanimously passed the Hong Kong Autonomy Act (H.R. 2. Findings. and the Hong Kong Human Rights and Democracy Act of 2019 (Public Law 116-76; 22 [[Page 134 STAT. Summary of the Hong Kong Autonomy Act The Hong Kong Autonomy Act begins with a recitation of findings by Congress regarding Hong Kong's political development since the adoption of the Sino-British Joint Declaration of 1984 and the Basic Law of the HKSAR through to recent events in early 2020. The release of today's update to the Hong Kong Autonomy Act report underscores our deep concern with the National People's Congress March 11 decision to unilaterally undermine Hong Kong's electoral system. Hong Kong Autonomy Act Update: Section 5(a) Report Delivered to U.S. Congress . A six-monthly State Department report to Congress named the five as Chen Dong, He Jing, Lu Xinning, Tan Tienui and Yin Zonghua, all deputy directors at China's Hong Kong liaison office. 1. the hong kong autonomy act requires the secretary of state to submit a report to congress identifying foreign persons who are materially contributing to, have materially contributed to, or attempt to materially contribute to the failure of the people's republic of china (prc) to meet its obligations under the sino-british joint declaration or … The U.S. government on July 14, 2020, took two significant steps to address the evolving situation in Hong Kong. OFAC has published four new FAQs with information on reporting requirements under the Hong Kong Autonomy Act. OFAC has posted a notice of updates to Hong Kong-related designations. 5701 et seq.) Liberals called on to act as Canadian arrested in crackdown on Hong Kong pro-democracy media outlet . Actions that undermine Hong Kong's rights, freedoms and high degree of autonomy are threatening our shared wish to see Hong Kong succeed," the foreign ministers and the US secretary of state said . China's actions to limit Hong Kong's autonomy resulted in action by the Trump Administration through a certification that Hong Kong was no longer sufficiently autonomous to warrant treatment separate from China. Jenkins . "Actions that undermine Hong Kong's rights, freedoms and high degree of autonomy are threatening our shared wish to see Hong Kong succeed," said the joint statement, which was issued late on Monday. Treasury reported that it "has not identified any foreign financial institution that has knowingly conducted a significant transaction" with previously identified sanctioned foreign persons pursuant to the Hong Kong Autonomy Act. "The Hong Kong Autonomy Act Report to Congress, released today, underscores the United States' deep concerns about Beijing's clear efforts to deprive Hong Kongers of a meaningful voice in the . on 7 august 2020, eleven hong kong officials were added to the specially designated nationals and blocked persons list (" sdn list ") of the treasury department's office of foreign assets control (" ofac ") pursuant to the president's executive order on hong kong normalization (" eo 13936 "), for " undermining hong kong's autonomy and restricting … Sec. The Hong Kong Autonomy Act, if passed, would provide one way for the administration to do so. The . Is the most effective way to ensure the stability and prosperity of Hong Kong, 2020, President Trump into! 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