
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 10USC437]

 
                         TITLE 10--ARMED FORCES
 
                    Subtitle A--General Military Law
 
            PART I--ORGANIZATION AND GENERAL MILITARY POWERS
 
         CHAPTER 21--DEPARTMENT OF DEFENSE INTELLIGENCE MATTERS
 
            SUBCHAPTER II--INTELLIGENCE COMMERCIAL ACTIVITIES
 
Sec. 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. The Secretary shall promptly notify the appropriate 
committees of Congress whenever a corporation, partnership, or other 
legal entity is established pursuant to this subchapter.
    (c) Annual Report.--Not later than January 15 of each year, the 
Secretary shall submit to the appropriate committees of Congress 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)--
        (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); and
        (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.

    (d) Intelligence Committees Defined.--In this section, the term 
``intelligence committees'' means the Select Committee on Intelligence 
of the Senate and the Permanent Select Committee on Intelligence of the 
House of Representatives.

(Added Pub. L. 102-88, title V, Sec. 504(a)(2), Aug. 14, 1991, 105 Stat. 
440.)

                       References in Text

    The National Security Act of 1947, referred to in subsec. (b), is 
act July 26, 1947, ch. 343, 61 Stat. 495, as amended. Title V of the Act 
is classified generally to subchapter III (Sec. 413 et seq.) of chapter 
15 of Title 50, War and National Defense. For complete classification of 
this Act to the Code, see Short Title note set out under section 401 of 
Title 50 and Tables.

                  Section Referred to in Other Sections

    This section is referred to in section 432 of this title.
