50 USC 4581 - Prohibition on investments

U.S Code last checked for updates: Mar 31, 2026

§ 4581.

Prohibition on investments

(a)

In general

(b)

Evasion

(c)

Exemptions

(1)

National interest exemption

(2)

Intelligence exemption

(d)

Congressional notification

The Secretary shall—

(1)

notify the appropriate congressional committees not later than five business days after issuing an exemption under subsection (c); and

(2)

include in such notification an identification of the national interest justifying the use of the exemption, subject to appropriate confidentiality and classification requirements.

(e)

Regulations

(1)

In general

(2)

Non-binding feedback

(A)

In general

(B)

Authority to limit frivolous feedback requests

(3)

Notice; opportunity to cure

(A)

In general

(B)

Self-disclosure letters

(4)

Low-burden regulations

In issuing regulations under paragraph (1), the Secretary should balance the priority of protecting the national security interest of the United States while, to the extent practicable—

(A)

minimizing the cost and complexity of compliance for affected parties, including the duplication of reporting requirements under current regulations;

(B)

adopting the least burdensome alternative that achieves regulatory objectives; and

(C)

prioritizing transparency and stakeholder involvement in the process of issuing the rules.

(5)

Burden of proof

(Sept. 8, 1950, ch. 932, title VIII, § 801, as added Pub. L. 119–60, div. H, title LXXXV, § 8521, Dec. 18, 2025, 139 Stat. 1924.)

cite as: 50 USC 4581