A bill to amend the National Security Act of 1947 to establish by law procedures for the classification and protection of sensitive information relating to the national security, to provide criminal penalties for unauthorized disclosure of such information, to limit matters that may be classified and impose penalties for unauthorized classification, to provide for declassification, and for other purposes.

[AI summary unavailable — showing source text] Amends the National Security Act of 1947 by adding: Title IV: Classification and Safeguarding of National Security Information. States that national security information may be designated and protected only in accordance with this title. Sets forth three classifications ("Top Secret," "Secret," and "Confidential") by which national security information may be designated. Promulgates standards defining each classification. Grants authority to originate the classification of material only to such officials as the President may designate, or any subordinate of such official who is designated as having frequent need of such authority. States that Congress shall periodically review the designations of such subordinates. Requires the President to prescribe regulations for the classification of material by agencies having no designated official. Identifies information which may be classified which includes any information which if disclosed could cause identifiable damage to the national security. Prohibits the classification of information in order to conceal incompetence, inefficiency, wrongdoing, or administrative error, to avoid embarrassment to any individual or agency, to restrain c…