; and (2) in paragraph (2)— (A) by striking shall and inserting may ; and (B) by striking the recommendation of the National Academy of Sciences and inserting a recommendation . (g) Protection of proprietary information Section 5012 of such Act ( 42 U.S.C. 16538 ) is amended— (1) by redesignating subsection (n) as subsection (o); and (2) by inserting after subsection (m) the following new subsection: (n) Protection of proprietary information (1) In general The following categories of information collected by ARPA–E from recipients of awards under this section shall be considered privileged and confidential and not subject to disclosure pursuant to section 552 of title 5, United States Code: (A) Plans for commercialization of technologies developed under the award, including business plans, technology-to-market plans, market studies, and cost and performance models. (B) Investments provided to an awardee from third parties (such as venture capital firms, hedge funds, and private equity firms), including amounts and the percentage of ownership of the awardee provided in return for the investments. (C) Additional financial support that the awardee— (i) plans to invest, or has invested, into the technology developed under the award; or (ii) is seeking from third parties. (D) Revenue from the licensing or sale of new products or services resulting from research conducted under the award. (2) Effect of subsection Nothing in this subsection shall be construed to affect— (A) the authority of the Secretary to use information without publicly disclosing such information