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ROS17206 S.L.C. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 24 SEC. 12. PRESIDENTIAL WAIVER AUTHORITY. (a) CASE-BY-CASE WAIVER AUTHORITY.— (1) IN GENERAL.—The President may waive, on a case-by-case basis and for a period of not more than 180 days, a requirement under section 4, 5, 6, 7, or 8 to impose or maintain sanctions with respect to a person, and may waive the continued imposition of such sanctions, not less than 30 days after the President determines and reports to the appropriate congressional committees that it is vital to the national security interests of the United States to waive such sanctions. (2) RENEWAL OF WAIVERS.—The President may, on a case-by-case basis, renew a waiver under paragraph (1) for an additional period of not more than 180 days if, not later than 15 days before that waiver expires, the President makes the determination and submits to the appropriate congressional committees a report described in paragraph (1). (3) SUCCESSIVE RENEWAL.—The renewal authority provided under paragraph (2) may be exercised for additional successive periods of not more than 180 days if the President follows the procedures set forth in paragraph (2), and submits the report described in paragraph (1), for each such renewal.
ROS17206 S.L.C. 25 1 (b) CONTENTS OF WAIVER REPORTS.—Each report 2 submitted under subsection (a) in connection with a waiv- 3 er of sanctions under section 4, 5, 6, 7, or 8 with respect 4 to a person, or the renewal of such a waiver, shall in- 5 clude— 6 (1) a specific and detailed rationale for the de- 7 termination that the waiver is vital to the national 8 security interests of the United States; 9 (2) a description of the activity that resulted in 10 the person being subject to sanctions; 11 (3) an explanation of the efforts made by the 12 United States to secure the cooperation of the gov- 13 ernment with primary jurisdiction over the person or 14 the location where the activity described in para- 15 graph (2) occurred in terminating or, as appro- 16 priate, penalizing the activity; and 17 (4) an assessment of the significance of the ac- 18 tivity described in paragraph (2) in contributing to 19 the ability of Iran to threaten the interests of the 20 United States or allies of the United States, develop 21 systems capable of delivering weapons of mass de- 22 struction, support acts of international terrorism, or 23 violate the human rights of any person in Iran. 24 (c) EFFECT OF REPORT ON WAIVER.—If the Presi- 25 dent submits a report under subsection (a) in connection
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