[Code of Federal Regulations]

[Title 15, Volume 2]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 15CFR700.91]



[Page 99]

 

                  TITLE 15--COMMERCE AND FOREIGN TRADE

 

  CHAPTER VII--BUREAU OF INDUSTRY AND SECURITY, DEPARTMENT OF COMMERCE

 

PART 700_DEFENSE PRIORITIES AND ALLOCATIONS SYSTEM--Table of Contents

 

                   Subpart L_Miscellaneous Provisions

 

Sec. 700.91  Records and reports.



    (a) Persons are required to make and preserve for at least three 

years, accurate and complete records of any transaction covered by this 

regulation (OMB control number 0694-0053) or an official action.

    (b) Records must be maintained in sufficient detail to permit the 

determination, upon examination, of whether each transaction complies 

with the provisions of this regulation or any official action. However, 

this regulation does not specify any particular method or system to be 

used.

    (c) Records required to be maintained by this regulation must be 

made available for examination on demand by duly authorized 

representatives of Commerce as provided in Sec. 700.71.

    (d) In addition, persons must develop, maintain, and submit any 

other records and reports to Commerce that may be required for the 

administration of the Defense Production Act, the Selective Service Act 

and related statutes, and this regulation.

    (e) Section 705(e) of the Defense Production Act provides that 

information obtained under this section which the President deems 

confidential, or with reference to which a request for confidential 

treatment is made by the person furnishing such information, shall not 

be published or disclosed unless the President determines that the 

withholding of this information is contrary to the interest of the 

national defense. Information required to be submitted to Commerce in 

connection with the enforcement or administration of the Act, this 

regulation, or an official action, is deemed to be confidential under 

section 705(e) of the Act and shall not be published or disclosed except 

as required by law.



[49 FR 30414, July 30, 1984. Redesignated at 54 FR 601, Jan. 9, 1989, as 

amended at 63 FR 31924, 31925, June 11, 1998]