Business information.

CFR · 2024-01-01 · US · Title 1

(a) (b) (1) “Business information” means privileged or confidential commercial or financial information obtained by the agency from a submitter that may be protected from disclosure under Exemption 4 of the FOIA. (2) “Submitter” means any person or entity from whom the agency obtains business information, either directly or indirectly. The term includes corporations; state, local, and tribal governments; and foreign governments. (c) (d) (e) (1) The information has been designated in good faith by the submitter as information considered protected from disclosure under Exemption 4; or (2) The agency has reason to believe that the information may be protected from disclosure under Exemption 4. (f) (g) (1) A statement of the reason(s) why each of the submitter's disclosure objections was not sustained; (2) A description of the business information to be disclosed; and (3) A specified disclosure date, which will be a reasonable time subsequent to the notice. (h) (1) The agency determines that the information should not be disclosed; (2) The information lawfully has been published or has been officially made available to the public; (3) Disclosure of the information is required by statute (other than the FOIA) or by a regulation issued in accordance with the requirements of Executive Order 12,600; or (4) The designation made by the submitter under paragraph (c) of this section appears obviously frivolous—except that, in such a case, the agency will, within a reasonable time prior t

official document · source cfr-2024 · id 1:§ 304.7