PUBLIC LAW 104-172—AUG. 5, 1996
110 STAT. 1547
ties that resulted in the determination by the President under
section 5(a) or 5(b) concerning such person.
(3) ADDITIONAL DELAY IN IMPOSITION OF SANCTIONS.—The
President may delay the imposition of sanctions for up to an
additional 90 days if the President determines and certifies
to the Congress that the government with primary jurisdiction
over the person concerned is in the process of taking the actions
described in paragraph (2).
(4) REPORT TO CONGRESS.— Not later than 90 days after
making a determination under section 5(a) or 5(b), the President shall submit to the appropriate congressional committees
a report on the status of consultations with the appropriate
foreign government under this subsection, and the basis for
any determination under paragraph (3).
(b) DURATION OF SANCTIONS.— ^A sanction imposed under section
5 shall remain in effect—
(1) for a period of not less than 2 years from the date
on which it is imposed; or
(2) until such time as the President determines and certifies
to the Congress that the person whose activities were the
basis for imposing the sanction is no longer engaging in such
activities and that the President has received reliable assurances that such person will not knowingly engage in such
activities in the future, except that such sanction shall remain
in effect for a period of at least 1 year.
(c) PRESIDENTIAL WAIVER.—
(1) AUTHORITY.— The President may waive the requirement Reports,
in section 5 to impose a sanction or sanctions on a person
described in section 5(c), and may waive the continued imposition of a sanction or sanctions under subsection (b) of this
section, 30 days or more after the President determines and
so reports to the appropriate congressional committees that
it is important to the national interest of the United States
to exercise such waiver authority.
(2) CONTENTS OF REPORT.— Any report under paragraph
(1) shall provide a specific and detailed rationale for the determination under paragraph (1), including—
(A) a description of the conduct that resulted in the
determination under section 5(a) or (b), as the case may
be;
(B) in the case of a foreign person, an explanation
of the efforts to secure the cooperation of the government
with primary jurisdiction over the sanctioned person to
terminate or, as appropriate, penalize the activities that
resulted in the determination under section 5(a) or (b),
as the case may be;
(C) an estimate as to the significance—
(i) of the provision of the items described in section
5(a) to Iran's ability to develop its petroleum resources,
or
(ii) of the provision of the items described in section
5(b)(1) to the abilities of Libya described in subparagraph (A), (B), or (C) of section 5(b)(1), or of the investment described in section 5(b)(2) on Libya's ability
to develop its petroleum resources,
as the case may be; and
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