[Congressional Record Volume 167, Number 199 (Tuesday, November 16, 2021)]
[Senate]
[Pages S8279-S8280]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 4698. Mr. HAGERTY submitted an amendment intended to be proposed 
to amendment SA 3867 submitted by Mr. Reed and intended to be proposed 
to the bill H.R. 4350, to authorize appropriations for fiscal year 2022 
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 C of title XII, add the following:

     SEC. 1224. 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--

[[Page S8280]]

       (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 1224(a)(1) of the National Defense 
     Authorization Act for Fiscal Year 2022 on _______