Title 50 › Chapter CHAPTER 55— - DEFENSE PRODUCTION › Subchapter SUBCHAPTER IV— - PROHIBITION AND NOTIFICATION ON INVESTMENTS RELATING TO COVERED NATIONAL SECURITY TRANSACTIONS › § 4584
The Secretary, working with the Secretary of State, the Secretary of Commerce, and other federal agency heads, must work with allied and partner countries to align rules and procedures so the bans and notice rules in this law are followed. After allies adopt those procedures, the Secretary must help set up ways to share information and trends. The Secretary must also encourage allies to create their own, similar systems only to stop a country of concern from developing banned technologies. Within 180 days after the implementing regulations are issued, the Secretary must make a strategy for helping allies build comparable rules and look at ways to give them technical help. Within one year after those regulations, and then once a year for four years, the Secretary must send a report (protecting classified or confidential material) to the Senate Committees on Foreign Relations and Banking, Housing, and Urban Affairs and the House Committees on Foreign Affairs and Financial Services. The report must cover the strategy, target countries, progress, and any obstacles.
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War and National Defense — Source: USLM XML via OLRC
Reference
Citation
50 U.S.C. § 4584
Title 50 — War and National Defense
Last Updated
Apr 6, 2026
Release point: 119-73