; (B) the technologies and products in covered sectors with respect to which covered activities are prohibited under subsection (c)(2) or require a notification under subsection (d)(2); and (C) a process by which parties can ask questions and get timely guidance as to whether a covered activity is prohibited under subsection (c)(2) or requires a notification under subsection (d)(2). (3) Requirements for certain regulations The President shall prescribe regulations further defining the terms used in this Act, including the terms covered activity , covered foreign entity , and party , to maximize the effectiveness of carrying out this Act in accordance with subchapter II of chapter 5 and chapter 7 of title 5 (commonly known as the Administrative Procedure Act ). (4) Public notice and comment Regulations issued pursuant to paragraph (1) shall be subject to public notice and comment. (5) Low-burden regulations In prescribing regulations under this section, the President shall, to the extent practicable, structure the regulations— (A) to minimize the cost and complexity of compliance for affected parties; (B) to ensure the benefits of the regulations outweigh their costs; (C) to adopt the least burdensome alternative that achieves regulatory objectives; (D) to prioritize transparency and stakeholder involvement in the process of prescribing the regulations; and (E) to regularly review and streamline existing regulations promulgated pursuant to this Act to reduce redundancy and complexity. (6) Penalties with respect to unlawful acts Regulations issued under this section shall, consistent with the authority provided by subsection (b)(1), provide for the imposition of civil penalties for violations of this section, that involve— (A) engaging in a covered activity prohibited under subsection (c)(2) pursuant to the regulations issued under this section; (B) failing to submit a timely notification under subsection (d)(2) with respect to a covered activity or to submit other information as required by the designated agency