10 U.S.C. § 437 : US Code - Section 437: Congressional oversight

Search 10 U.S.C. § 437 : US Code - Section 437: Congressional oversight

(a) Proposed Regulations. - Copies of regulations proposed to be
prescribed under section 436 of this title (including any proposed
revision to such regulations) shall be submitted to the
intelligence committees not less than 30 days before they take
effect.
(b) Current Information. - Consistent with title V of the
National Security Act of 1947 (50 U.S.C. 413 et seq.), the
Secretary of Defense shall ensure that the intelligence committees
are kept fully and currently informed of actions taken pursuant to
this subchapter, including any significant anticipated activity to
be authorized pursuant to this subchapter.
(c) Annual Report. - Not later each year than the date provided
in section 507 of the National Security Act of 1947 (50 U.S.C.
415b), the Secretary shall submit to the congressional intelligence
committees (as defined in section 3 of that Act (50 U.S.C. 401a)) a
report on all commercial activities authorized under this
subchapter that were undertaken during the previous fiscal year.
Such report shall include (with respect to the fiscal year covered
by the report) the following:
(1) A description of any exercise of the authority provided by
section 433(b) of this title.
(2) A description of any expenditure of funds made pursuant to
this subchapter (whether from appropriated or non-appropriated
funds).
(3) A description of any actions taken with respect to audits
conducted pursuant to section 432 of this title to implement
recommendations or correct deficiencies identified in such
audits.
(4) A description of each corporation, partnership, or other
legal entity that was established.