Cyprus arms embargo reform

(a) In general Subject to subsection (d) and except as provided in subsection (b), beginning on the date of the enactment of this Act, the Secretary shall not apply a policy of denial for exports, re-exports, or transfers of defense articles and defense services destined for or originating in the Republic of Cyprus if— (1) the request is made by or on behalf of the Government of the Republic of Cyprus; and (2) the end-user of such defense articles or defense services is the Government of the Republic of Cyprus. (b) Exception The exclusion provided for in subsection (a) shall not apply with respect to the application of a policy of denial based upon credible human rights concerns. (c) Waiver The President may waive the exclusion provided for in subsection (a) for a period of one fiscal year if the President determines that it is essential to the national security interests of the United States to do so. (d) Termination (1) In general The President may terminate the exclusion provided for in subsection (a) for the five-year period beginning on the date that is five years after the date of the enactment of this Act, and may renew such termination for subsequent five-year periods, if, prior to each such five-year period, the President submits to the appropriate congressional committees a certification that the Government of the Republic of Cyprus is no longer— (A) cooperating with the United States Government in efforts to implement reforms on anti-money laundering regulations and financial regulatory oversight; and (B) denying Russian military vessels access to ports for refueling and servicing. (2) Definition In this section, the term appropriate congressional committees means— (A) the Committee on Foreign Affairs and the Committee on Armed Services of the House of Representatives; and (B) the Committee on Foreign Relations and the Committee on Armed Services of the Senate.