The publication is reproduced in full below:
SA 5608. Mr. HAGERTY submitted an amendment intended to be proposed to amendment SA 5499 submitted by Mr. Reed (for himself and Mr. Inhofe) and intended to be proposed to the bill H.R. 7900, to authorize appropriations for fiscal year 2023 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes; which was ordered to lie on the table; as follows:
At the end of subtitle B of title XII, add the following:
SEC. 1226. CONGRESSIONAL REVIEW OF CERTAIN ACTIONS RELATING
TO SANCTIONS IMPOSED WITH RESPECT TO IRAN.
(a) Submission to Congress of Proposed Action.--
(1) In general.--Notwithstanding any other provision of law, before taking any action described in paragraph (2), the President shall submit to the appropriate congressional committees and leadership a report that describes the proposed action and the reasons for that action.
(2) Actions described.--
(A) In general.--An action described in this paragraph is--
(i) an action to terminate the application of any sanctions described in subparagraph (B);
(ii) with respect to sanctions described in subparagraph
(B) imposed by the President with respect to a person, an action to waive the application of those sanctions with respect to that person; or
(iii) a licensing action that significantly alters United States foreign policy with respect to Iran.
(B) Sanctions described.--The sanctions described in this subparagraph are sanctions with respect to Iran provided for under--
(i) the Iran Sanctions Act of 1996 (Public Law 104-172; 50 U.S.C. 1701 note);
(ii) the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 8501 et seq.);
(iii) section 1245 of the National Defense Authorization Act for Fiscal Year 2012 (22 U.S.C. 8513a);
(iv) the Iran Threat Reduction and Syria Human Rights Act of 2012 (22 U.S.C. 8701 et seq.);
(v) the Iran Freedom and Counter-Proliferation Act of 2012
(22 U.S.C. 8801 et seq.);
(vi) the International Emergency Economic Powers Act (50 U.S.C. 1701 note); or
(vii) any other statute or Executive order that requires or authorizes the imposition of sanctions with respect to Iran.
(3) Description of type of action.--Each report submitted under paragraph (1) with respect to an action described in paragraph (2) shall include a description of whether the action--
(A) is not intended to significantly alter United States foreign policy with respect to Iran; or
(B) is intended to significantly alter United States foreign policy with respect to Iran.
(4) Inclusion of additional matter.--
(A) In general.--Each report submitted under paragraph (1) that relates to an action that is intended to significantly alter United States foreign policy with respect to Iran shall include a description of--
(i) the significant alteration to United States foreign policy with respect to Iran;
(ii) the anticipated effect of the action on the national security interests of the United States; and
(iii) the policy objectives for which the sanctions affected by the action were initially imposed.
(B) Requests from banking and financial services committees.--The Committee on Banking, Housing, and Urban Affairs of the Senate or the Committee on Financial Services of the House of Representatives may request the submission to the Committee of the matter described in clauses (ii) and
(iii) of subparagraph (A) with respect to a report submitted under paragraph (1) that relates to an action that is not intended to significantly alter United States foreign policy with respect to Iran.
(5) Confidentiality of proprietary information.-- Proprietary information that can be associated with a particular person with respect to an action described in paragraph (2) may be included in a report submitted under paragraph (1) only if the appropriate congressional committees and leadership provide assurances of confidentiality, unless that person otherwise consents in writing to such disclosure.
(6) Rule of construction.--Paragraph (2)(A)(iii) shall not be construed to require the submission of a report under paragraph (1) with respect to the routine issuance of a license that does not significantly alter United States foreign policy with respect to Iran.
(b) Period for Review by Congress.--
(1) In general.--During the period of 30 calendar days beginning on the date on which the President submits a report under subsection (a)(1)--
(A) in the case of a report that relates to an action that is not intended to significantly alter United States foreign policy with respect to Iran, the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives should, as appropriate, hold hearings and briefings and otherwise obtain information in order to fully review the report; and
(B) in the case of a report that relates to an action that is intended to significantly alter United States foreign policy with respect to Iran, the Committee on Foreign Relations of the Senate and the Committee on Foreign Affairs of the House of Representatives should, as appropriate, hold hearings and briefings and otherwise obtain information in order to fully review the report.
(2) Exception.--The period for congressional review under paragraph (1) of a report required to be submitted under subsection (a)(1) shall be 60 calendar days if the report is submitted on or after July 10 and on or before September 7 in any calendar year.
(3) Limitation on actions during initial congressional review period.--Notwithstanding any other provision of law, during the period for congressional review provided for under paragraph (1) of a report submitted under subsection (a)(1) proposing an action described in subsection (a)(2), including any additional period for such review as applicable under the exception provided in paragraph (2), the President may not take that action unless a joint resolution of approval with respect to that action is enacted in accordance with subsection (c).
(4) Limitation on actions during presidential consideration of a joint resolution of disapproval.--Notwithstanding any other provision of law, if a joint resolution of disapproval relating to a report submitted under subsection (a)(1) proposing an action described in subsection (a)(2) passes both Houses of Congress in accordance with subsection (c), the President may not take that action for a period of 12 calendar days after the date of passage of the joint resolution of disapproval.
(5) Limitation on actions during congressional reconsideration of a joint resolution of disapproval.-- Notwithstanding any other provision of law, if a joint resolution of disapproval relating to a report submitted under subsection (a)(1) proposing an action described in subsection (a)(2) passes both Houses of Congress in accordance with subsection (c), and the President vetoes the joint resolution, the President may not take that action for a period of 10 calendar days after the date of the President's veto.
(6) Effect of enactment of a joint resolution of disapproval.--Notwithstanding any other provision of law, if a joint resolution of disapproval relating to a report submitted under subsection (a)(1) proposing an action described in subsection (a)(2) is enacted in accordance with subsection (c), the President may not take that action.
(c) Joint Resolutions of Disapproval or Approval.--
(1) Definitions.--In this subsection:
(A) Joint resolution of approval.--The term ``joint resolution of approval'' means only a joint resolution of either House of Congress--
(i) the title of which is as follows: ``A joint resolution approving the President's proposal to take an action relating to the application of certain sanctions with respect to Iran.''; and
(ii) the sole matter after the resolving clause of which is the following: ``Congress approves of the action relating to the application of sanctions imposed with respect to Iran proposed by the President in the report submitted to Congress under section 1226(a)(1) of the James M. Inhofe National Defense Authorization Act for Fiscal Year 2023 on _______
SOURCE: Congressional Record Vol. 168, No. 153
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