Collapse to view only § 9265. Notification of termination or suspension of sanctions
- § 9265. Notification of termination or suspension of sanctions
- § 9265a. Reports on certain licensing actions
§ 9265. Notification of termination or suspension of sanctions
Before taking any action to terminate or suspend the application of sanctions under this subtitle 1
1 See References in Text note below.
or an amendment made by this subtitle, the President shall notify the appropriate congressional committees of the President’s intent to take the action and the reasons for the action.(Pub. L. 116–92, div. F, title LXXI, § 7131, Dec. 20, 2019, 133 Stat. 2252.)
§ 9265a. Reports on certain licensing actions
(a) Report required
(1) In general
Not later than 180 days after December 20, 2019, and every 180 days thereafter, the President shall submit to the committees specified in paragraph (2) a report on the operation of the system for issuing licenses for transactions under covered regulatory provisions during the preceding 180-day period that includes—
(A) the number and types of such licenses applied for during that period; and
(B) the number of such licenses issued during that period and information identifying the person receiving each such license.
(2) Committees specified
The committees specified in this paragraph are the following:
(A) The Committee on Financial Services and the Committee on Foreign Affairs of the House of Representatives.
(B) The Committee on Banking, Housing, and Urban Affairs and the Committee on Foreign Relations of the Senate.
(b) Submission of copies of licenses on request
(c) Form
(d) Definitions
In this section:
(1) Appropriate Member of Congress
The term “appropriate Member of Congress” means—
(A) the chairman or ranking member of the Committee on Financial Services of the House of Representatives; or
(B) the chairman or ranking member of the Committee on Banking, Housing, and Urban Affairs of the Senate.
(2) Covered regulatory provision
The term “covered regulatory provision” means any of the following provisions, as in effect on the day before December 20, 2019, and as such provisions relate to North Korea:
(A) Part 743, 744, or 746 of title 15, Code of Federal Regulations.
(B) Part 510 of title 31, Code of Federal Regulations.
(C) Any other provision of title 31, Code of Federal Regulations.
(Pub. L. 116–92, div. F, title LXXI, § 7132, Dec. 20, 2019, 133 Stat. 2252.)