; and (B) with respect to a transaction found to pose an undue or unacceptable risk and qualify as a covered transaction, determine whether— (i) the covered transaction should be prohibited; or (ii) any other action should be taken to mitigate the effects of the covered transaction. (2) Published explanations If practicable, and consistent with the national security and law enforcement interests of the United States, in coordination and in cooperation with the Director of National Intelligence, the Secretary shall publish information in a declassified form to explain how a covered transaction that the Secretary denied or otherwise mitigated under paragraph (1) meets the criteria established under subsection (a) or section 4(a). (3) Certain administrative procedure requirements inapplicable Section 553 of title 5, United State Code, shall not apply to any regulation promulgated pursuant to paragraph (1). 4. Addressing information and communications technology products and services holdings that pose undue or unacceptable risk (a) In general The Secretary shall identify and refer to the President any covered holding that the Secretary determines, in consultation with the relevant executive department and agency heads, poses an undue or unacceptable risk to the national security of the United States or the security and safety of United States persons. (b) Procedure (1) Review and referral The Secretary shall, by regulation, establish procedures by which the Secretary, in consultation with the relevant executive department and agency heads, shall— (A) conduct reviews of holdings to determine if such holdings constitute covered holdings that pose an undue or unacceptable risk under subsection (a)