22 U.S.C. § 9265 — Notification of termination or suspension

Page 2214 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 9265 1 See References in Text note below. meanings given those terms in section 9202 of this title. (Pub. L. 116–92, div. F, title LXXI, § 7112, Dec. 20, 2019, 133 Stat. 2244.) Editorial Notes REFERENCES IN TEXT This subtitle, referred to in text, is subtitle A of title LXXI of div. F of Pub. L. 116–92, Dec. 20, 2019, 133 Stat. 2244, which enacted this subchapter and sections 262p–13, 286yy, 9221b, and 9221c of this title, amended sections 9202, 9212, 9214, 9223, 9224, 9228, 9241, and 9251 of this title, repealed sections 262p–13 and 286yy of this title, and enacted provisions set out as notes under sec- tions 262p–13 and 286yy of this title. For complete clas- sification of this subtitle to the Code, see Tables. CODIFICATION Section was enacted as part of the Otto Warmbier North Korea Nuclear Sanctions and Enforcement Act of 2019, and also as part of the National Defense Author- ization Act for Fiscal Year 2020, and not as part of the North Korea Sanctions and Policy Enhancement Act of 2016 which comprises this chapter. PART I—CONGRESSIONAL REVIEW AND OVERSIGHT § 9265. Notification of termination or suspension of sanctions Before taking any action to terminate or sus- pend the application of sanctions under this sub- title 1 or an amendment made by this subtitle, the President shall notify the appropriate con- gressional committees of the President’s intent to take the action and the reasons for the ac- tion. (Pub. L. 116–92, div. F, title LXXI, § 7131, Dec. 20, 2019, 133 Stat. 2252.) Editorial Notes REFERENCES IN TEXT This subtitle, referred to in text, is subtitle A of title LXXI of div. F of Pub. L. 116–92, Dec. 20, 2019, 133 Stat. 2244, which enacted this subchapter and sections 262p–13, 286yy, 9221b, and 9221c of this title, amended sections 9202, 9212, 9214, 9223, 9224, 9228, 9241, and 9251 of this title, repealed sections 262p–13 and 286yy of this title, and enacted provisions set out as notes under sec- tions 262p–13 and 286yy of this title. For complete clas- sification of this subtitle to the Code, see Tables. CODIFICATION Section was enacted as part of the Otto Warmbier North Korea Nuclear Sanctions and Enforcement Act of 2019, and also as part of the National Defense Author- ization Act for Fiscal Year 2020, and not as part of the North Korea Sanctions and Policy Enhancement Act of 2016 which comprises this chapter. Executive Documents DELEGATION OF FUNCTIONS Functions and authorities of President under this section delegated to Secretary of State, in consultation with the Secretary of the Treasury, by section 1(a)(v) of Memorandum of President of the United States, Feb. 21, 2020, 85 F.R. 13717, set out as a note under section 286yy of this title. § 9265a. Reports on certain licensing actions (a) Report required (1) In general Not later than 180 days after December 20, 2019, and every 180 days thereafter, the Presi- dent shall submit to the committees specified in paragraph (2) a report on the operation of the system for issuing licenses for trans- actions under covered regulatory provisions during the preceding 180-day period that in- cludes— (A) the number and types of such licenses applied for during that period; and (B) the number of such licenses issued dur- ing that period and information identifying the person receiving each such license. (2) Committees specified The committees specified in this paragraph are the following: (A) The Committee on Financial Services and the Committee on Foreign Affairs of the House of Representatives. (B) The Committee on Banking, Housing, and Urban Affairs and the Committee on Foreign Relations of the Senate. (b) Submission of copies of licenses on request The Secretary of the Treasury shall expedi- tiously provide a copy of any license identified in a report required by subsection (a)(1) to the Committee on Financial Services of the House of Representatives and the Committee on Bank- ing, Housing, and Urban Affairs of the Senate if an appropriate Member of Congress requests a copy of that license not later than 30 days after submission of the report. (c) Form Each report required by subsection (a), and each copy of a license submitted under sub- section (b), shall be submitted in unclassified form but may include a classified annex. (d) Definitions In this section: (1) Appropriate Member of Congress The term ‘‘appropriate Member of Congress’’ means— (A) the chairman or ranking member of the Committee on Financial Services of the House of Representatives; or (B) the chairman or ranking member of the Committee on Banking, Housing, and Urban Affairs of the Senate. (2) Covered regulatory provision The term ‘‘covered regulatory provision’’ means any of the following provisions, as in effect on the day before December 20, 2019, and as such provisions relate to North Korea: (A) Part 743, 744, or 746 of title 15, Code of Federal Regulations. (B) Part 510 of title 31, Code of Federal Regulations. (C) Any other provision of title 31, Code of Federal Regulations. (Pub. L. 116–92, div. F, title LXXI, § 7132, Dec. 20, 2019, 133 Stat. 2252.)