Title 50 › CHAPTER 55 — DEFENSE PRODUCTION › SUBCHAPTER IV — PROHIBITION AND NOTIFICATION ON INVESTMENTS RELATING TO COVERED NATIONAL SECURITY TRANSACTIONS › § 4584
The Secretary must work with the Secretaries of State and Commerce and other federal agency leaders to meet with allied and partner governments. They must push for shared rules and steps so the bans and notification rules in this law are followed. After allies adopt those rules, the U.S. will help set up ways to share information and trends. The U.S. will also encourage allies to build their own systems, only to stop a country of concern from getting prohibited technologies. Within 180 days after the implementing regulations are issued, the Secretary and partners must make a strategy to help allies create comparable bans and notification rules and look at ways to offer technical help. Not later than one year after those regulations, and then once a year for four years, the Secretary must send a report (following confidentiality and classification rules) to the Senate Committees on Foreign Relations and Banking, Housing, and Urban Affairs and to the House Committees on Foreign Affairs and Financial Services. The report must explain the strategy, list partner countries to target, give the status of efforts, and describe obstacles.
Full Legal Text
War and National Defense, Source: USLM XML via OLRC
Reference
Citation
50 U.S.C. § 4584
Title 50, War and National Defense
Last Updated
Sep 22, 2026
Release point: 119-110