S.Amdt. 870

1. Adds SEC. __. NATIONAL INTELLIGENCE ESTIMATE ON PERSONS DEALING WITH STATE SPONSORS OF TERRORISM at the end of title III

   Adds a section

   In S. 372 · Reported to Senate

   (3) Form of report.--The report required by paragraph (1) shall be submitted in classified form.

   Inserted: SEC. __. NATIONAL INTELLIGENCE ESTIMATE ON PERSONS DEALING WITH STATE SPONSORS OF TERRORISM.

   Inserted: (a) Requirement for National Intelligence Estimate.--

   Inserted: (1) In general.--Except as provided in paragraph (2), not later than 270 days after the date of enactment of this Act, the Director of National Intelligence shall submit to Congress a National Intelligence Estimate on business activities carried out with a state sponsors of terrorism.

   Inserted: (2) Notice regarding submittal.--If the Director of National Intelligence determines that the National Intelligence Estimate required by paragraph (1) may not be submitted within 270 days after the date of the enactment of this Act, the Director shall submit to Congress a notification of such determination that includes--

   Inserted: (A) the reasons that such National Intelligence Estimate may not be submitted by such date; and

   Inserted: (B) an estimated date for the submittal of such National Intelligence Estimate.

   Inserted: (b) Content.--The National Intelligence Estimate required by subsection (a) shall include--

   Inserted: (1) a list of persons, including foreign persons, that carry out business activity with the government of, or a private entity located within, a country that is a state sponsors of terrorism;

   Inserted: (2) a description of such business activities carried out by each such person, including estimates of the magnitude of such activities;

   Inserted: (3) an assessment of the importance of such activities to the economy of each state sponsor of terrorism;

   Inserted: (4) an assessment of the likely effect of each State law, including each decision by a public pension board or governing body of a State that requires divestment from persons who conduct business activity with a state sponsors of terrorism; and

   Inserted: (5) an assessment of options available to the United States to reduce such activities and the likely effect that carrying out such options may have on the policies and economies of each state sponsor of terrorism.

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   Inserted: (c) State Sponsor of Terrorism Defined.--In this section, the term "state sponsor of terrorism" means any country the government of which has been determined by the Secretary of State to have repeatedly provided support for acts of international terrorism pursuant to--

   Inserted: (1) section 6(j)(1)(A) of the Export Administration Act of 1979 (50 U.S.C. App. 2405(j)(1)(A)) (or successor statute);

   Inserted: (2) section 40(d) of the Arms Export Control Act (22 U.S.C. 2780(d)); or

   Inserted: (3) section 620A(a) of the Foreign Assistance Act of 1961 (22 U.S.C. 2371(a)).

   Inserted: (d) Coordination.--In preparing the National Intelligence Estimate required by subsection (a), the Director of National Intelligence shall coordinate with the Secretary of State, the Secretary of the Treasury, the Secretary of Commerce, the Chairman of the Securities and Exchange Commission, and other appropriate governmental or nongovernmental entities.

   Inserted: (e) Form.--The National Intelligence Estimate required by subsection (a) shall be submitted in unclassified form, to the extent consistent with the protection of intelligence sources and methods, and include unclassified key judgments of the National Intelligence Estimate. Such National Intelligence Estimate may include a classified annex.

   Original wording

   At the end of title III, add the following:

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As printed