Page:United States Statutes at Large Volume 124.djvu/1376

 124 STAT. 1350 PUBLIC LAW 111–195—JULY 1, 2010 (1) the provisions of the Export Administration Act of 1979 (50 U.S.C. App. 2401 et seq.) (as in effect pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.)); (2) the provisions of this title, or any other provision of law relating to export controls, with respect to which the Sec- retary of Commerce has enforcement responsibility; or (3) any license, order, or regulation issued under— (A) the Export Administration Act of 1979 (50 U.S.C. App. 2401 et seq.) (as in effect pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.)); or (B) a provision of law referred to in paragraph (2). TITLE IV—GENERAL PROVISIONS SEC. 401. GENERAL PROVISIONS. (a) SUNSET.—The provisions of this Act (other than sections 105 and 305 and the amendments made by sections 102, 107, 109, and 205) shall terminate, and section 13(c)(1)(B) of the Invest- ment Company Act of 1940, as added by section 203(a), shall cease to be effective, on the date that is 30 days after the date on which the President certifies to Congress that— (1) the Government of Iran has ceased providing support for acts of international terrorism and no longer satisfies the requirements for designation as a state sponsor of terrorism (as defined in section 301) under— (A) section 6(j)(1)(A) of the Export Administration Act of 1979 (50 U.S.C. App. 2405(j)(1)(A)) (or any successor thereto); (B) section 40(d) of the Arms Export Control Act (22 U.S.C. 2780(d)); or (C) section 620A(a) of the Foreign Assistance Act of 1961 (22 U.S.C. 2371(a)); and (2) Iran has ceased the pursuit, acquisition, and develop- ment of nuclear, biological, and chemical weapons and ballistic missiles and ballistic missile launch technology. (b) PRESIDENTIAL WAIVERS.— (1) IN GENERAL.—The President may waive the application of sanctions under section 103(b), the requirement to impose or maintain sanctions with respect to a person under section 105(a), the requirement to include a person on the list required by section 105(b), the application of the prohibition under sec- tion 106(a), or the imposition of the licensing requirement under section 303(c) with respect to a country designated as a Destina- tion of Diversion Concern under section 303(a), if the President determines that such a waiver is in the national interest of the United States. (2) REPORTS.— (A) IN GENERAL.—If the President waives the applica- tion of a provision pursuant to paragraph (1), the President shall submit to the appropriate congressional committees a report describing the reasons for the waiver. (B) SPECIAL RULE FOR REPORT ON WAIVING IMPOSITION OF LICENSING REQUIREMENT UNDER SECTION 303(c).—In any case in which the President waives, pursuant to paragraph Determination. President. Certification. 22 USC 8551.