Title 50War and National DefenseRelease 119-73

§4588 Exemption from disclosure

Title 50 › Chapter CHAPTER 55— - DEFENSE PRODUCTION › Subchapter SUBCHAPTER IV— - PROHIBITION AND NOTIFICATION ON INVESTMENTS RELATING TO COVERED NATIONAL SECURITY TRANSACTIONS › § 4588

Last updated Apr 6, 2026|Official source

Summary

Information and documents filed with the Secretary under this part must be kept private and not released to the public, except in six specific situations. Those six exceptions allow sharing, with proper confidentiality or classification: when the material is needed for an administrative or court case; when given to Congress or a Congressional committee; when shared for national security reasons with a U.S. government body or a foreign ally or partner only if the Secretary alone directs and authorizes it and only as necessary; the identity of a covered foreign person listed in the public database in section 4585; material the parties agree can be shared; and material the Secretary decides should be released for national security reasons, which can include anonymized data.

Full Legal Text

Title 50, §4588

War and National Defense — Source: USLM XML via OLRC

(a)Except as provided in subsection (b), any information or documentary material filed with the Secretary or the Secretary’s designee pursuant to this subchapter shall be exempt from disclosure under section 552(b)(3) of title 5, and no such information or documentary material may be made public.
(b)Subsection (a) shall not prohibit the disclosure of the following, subject to appropriate confidentiality and classification requirements:
(1)Information relevant to any administrative or judicial action or proceeding.
(2)Information to Congress or any duly authorized committee or subcommittee of Congress.
(3)Information important to the national security analysis or actions of the Secretary to any domestic governmental entity, or to any foreign governmental entity of a United States ally or partner, under the exclusive direction and authorization of the Secretary, only to the extent necessary for national security purposes, and subject to appropriate confidentiality and classification requirements.
(4)Identity of a covered foreign person in the public database described in section 4585 of this title.
(5)Information that the parties have consented to be disclosed to third parties.
(6)Information gathered by the Secretary or the Secretary’s designee where the disclosure is determined to be in the national security interest, which may include publication of anonymized data.

Reference

Citations & Metadata

Citation

50 U.S.C. § 4588

Title 50War and National Defense

Last Updated

Apr 6, 2026

Release point: 119-73