Sec. 6. Additional reports to Congress
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Subsection
(b)of section 204 of the International Emergency Economic Powers Act ( 50 U.S.C. 1703 ) is amended— in the matter preceding paragraph (1), by striking to the Congress and inserting to the appropriate congressional committees ; by redesignating paragraphs
(4)and
(5)as paragraphs
(9)and (10), respectively; and by inserting after paragraph
(3)the following new paragraphs: the goals and outcomes expected to be achieved through such actions; other tools considered to address the emergency, and the reason for choosing to respond to such emergency through the imposition of sanctions; a list of other countries imposing sanctions in accordance with the sanctions imposed by the President or, if such sanctions are unilateral, an explanation for why no other country has imposed such sanctions; the strategy of the President to provide compliance guidance to entities in the private sector (including financial institutions), humanitarian organizations, and peacebuilding organizations; the criteria, if any, that a sanctioned person must meet before any sanctions imposed in the exercise of such authority with respect to such person may be lifted; . Such section 204 is further amended by adding at the end the following new subsection: For purposes of this section, the term appropriate congressional committees means— the Committee on Foreign Affairs and the Committee on Financial Services of the House of Representatives; and the Committee on Foreign Relations and the Committee on Banking, Housing, and Urban Affairs of the Senate. . Not later than 90 days after the date of the enactment of this Act, and annually thereafter, the Secretary of State and the Secretary of the Treasury shall jointly submit to Congress a report, which shall be submitted in unclassified form but may include a classified annex, on the manner and extent to which each action taken during the preceding 1-year period using the authorities of the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.) is in compliance with the treaty obligations of the United States.
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