---
kind: "section"
citation: "15 C.F.R. § 231.304"
title: "15"
number: "231.304"
heading: "Initiation of review."
url: "https://uscodex.org/cfr/15/231.304"
---

# §231.304. Initiation of review.

- (a) The Secretary may initiate a review of a transaction:
  - (1) After accepting a notification pursuant to [§ 231.303(c)](/cfr/15/231.303.md?p=c); or
  - (2) Upon the Secretary's own initiative, where the Secretary believes that a transaction may be prohibited. In determining whether to initiate a review, the Secretary may consider all available information, including information submitted by persons other than the covered entity to notifications@chips.gov.
- (b) Where the Secretary initiates review of a transaction under [paragraph (a)(2)](#a-2) of this section, the Secretary will notify the covered entity promptly in writing.
- (c) The Secretary will consult with the Secretary of Defense and the Director of National Intelligence upon the initiation of a review of any transaction.

## Notes

### Authority

Authority: 15 U.S.C. 4651, et seq.

### Source

Source: 88 FR 61614, Sept. 25, 2023, unless otherwise noted.