Page:RESTRICT Act (S. 686, as introduced).pdf/12

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(1) In general.—Not later than 180 days after the date of enactment of this Act, the Secretary, in consultation with the relevant executive department and agency heads, shall review any transaction described in subsection (a) to—

(A) determine, not later than 180 days after the date on which the Secretary initiates such review, if such transaction poses an undue or unacceptable risk under subsection (a)(2) and qualifies as a covered transaction; and

(B) with respect to a transaction found to pose an undue or unacceptable risk and qualify as a covered transaction, determine whether—

(i) the covered transaction should be prohibited; or

(ii) any other action should be taken to mitigate the effects of the covered transaction.

(2) Published explanations.—If practicable, and consistent with the national security and law enforcement interests of the United States, in coordination and in cooperation with the Director of National Intelligence, the Secretary shall publish information in a declassified form to explain how a covered transaction that the Secretary denied or oth-