---
kind: "section"
citation: "50 U.S.C. § 4588"
title: "50"
title_heading: "War and National Defense"
number: "4588"
heading: "Exemption from disclosure"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/50/4588"
units:
  - "Chapter 55 — Defense Production"
  - "Subchapter IV — Prohibition and Notification on Investments Relating to Covered National Security Transactions"
---

# §4588. Exemption from disclosure

- (a) **In general—** Except as provided in [subsection (b)](#b), any information or documentary material filed with the [Secretary](/usc/50/4589.md?p=11) or the [Secretary](/usc/50/4589.md?p=11)’s designee pursuant to this subchapter shall be exempt from disclosure under [section 552(b)(3) of title 5](/usc/5/552.md?p=b-3), and no such information or documentary material may be made public.
- (b) **Exceptions—** [Subsection (a)](#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](/usc/50/4589.md?p=11) 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](/usc/50/4589.md?p=11), only to the extent necessary for national security purposes, and subject to appropriate confidentiality and classification requirements.
  - (4) Identity of a [covered foreign person](/usc/50/4589.md?p=3) in the public database described in [section 4585 of this title](/usc/50/4585.md).
  - (5) Information that the [parties](/usc/50/4589.md?p=8) have consented to be disclosed to third [parties](/usc/50/4589.md?p=8).
  - (6) Information gathered by the [Secretary](/usc/50/4589.md?p=11) or the [Secretary](/usc/50/4589.md?p=11)’s designee where the disclosure is determined to be in the national security interest, which may include publication of anonymized data.

## Source credit

(Sept. 8, 1950, ch. 932, title VIII, § 808, as added Pub. L. 119–60, div. H, title LXXXV, § 8521, Dec. 18, 2025, 139 Stat. 1931.)