Waiver for national security interests

(a) In general Not withstanding any other provision of law, the President may, for renewable periods not to exceed 180 days each, waive, in part or in whole, the application of sanctions under this Act with respect to a covered person if the President— (1) determines that such a waiver is in the national security interests of the United States; (2) submits to the appropriate congressional committees and leadership a report that describes the waiver or renewal and the reasons for that waiver or renewal; and (3) a joint resolution of disapproval relating to the report submitted under subsection (b) is not enacted into law pursuant to section 9. (b) Requirements For each waiver granted under subsection (a), the President shall— (1) limit the duration and scope of the waiver to the minimum required to serve the national security interests for which the waiver is issued; and (2) upon expiration of the waiver, immediately determine whether the covered person covered by the waiver still meets the criteria for inclusion in the list required by section 5(a)(1). (c) Persons meeting criteria for sanctions If the President determines under subsection (b)(2) that a covered person still meets the criteria for inclusion in the list required by section 5(a)(1) after the expiration of a waiver applicable to the person, the President shall apply sanctions under section 6 with respect to the person. (d) Persons not meeting criteria for sanctions If the President determines under subsection (b)(2) that a covered person no longer meets the criteria for inclusion in the list required by section 5(a)(1) after the expiration of a waiver applicable to the person, the President shall— (1) pursuant to sections 8 and 9, notify Congress of the intent of the President to terminate the application of sanctions under this Act with respect to the person; and (2) resume making annual determinations with respect to whether the person meets the criteria for inclusion in the list required by section 5(a)(1).