Report on specific licenses that authorize transactions with sanctioned persons

(a) Report required (1) In general Not later than 180 days after the date of the enactment of this Act, and every 180 days thereafter until the date that is 10 years after the date of the enactment of this Act, the Secretary of the Treasury, in coordination with the Secretary of State, shall submit to the appropriate congressional committees a report that includes— (A) a list of specific licenses issued by the Secretary of the Treasury during the 180-day period preceding submission of the report that authorize any transaction with a person with respect to which sanctions have been imposed under section 303, 304, or 305; and (B) (i) in the case of the first report, an estimate of funds the Maduro regime has accessed as a result of licenses issued by the Office of Foreign Assets Control since January 20, 2021; and (ii) in the case of any subsequent report, an estimate of the funds the Maduro regime has accessed as a result of such licenses issued during the 180-day period preceding submission of the report. (2) Elements The report required by paragraph (1) shall include, with respect to each entity that received a specific license described in that paragraph, the following information: (A) The name of the entity. (B) A brief description of the activity authorized by the license. (C) A brief justification of why the Office of Foreign Assets Control granted the license. (b) Submission of copies of licenses on request The Secretary of the Treasury shall expeditiously provide to the appropriate congressional committees a copy of any license identified in a report submitted under subsection (a) if an appropriate Member of Congress requests a copy of that license not later than 60 days after the report is submitted. (c) Business confidential information (1) In general The Secretary of the Treasury shall, in each report required by subsection (a) and any submission under subsection (b), identify any proprietary information submitted by any private sector representative and mark such information as business confidential information. (2) Treatment as trade secrets Business confidential information described in paragraph (1) shall be considered to be a matter falling within the meaning of the exception for trade secrets and commercial or financial information under subsection (b)(4) of section 552 of title 5, United States Code, and shall be exempt from disclosure under such section without the express approval of the private party. (3) Form of report and submissions Each report required by subsection (a) and any submission under subsection (b) shall be submitted in unclassified form, but may contain a classified annex. (d) Sunset The section shall have no force or effect after the end of the 10-year period beginning on the date of the enactment of this Act.