In the nature of a substitute.

SA 3437. Mr. LEAHY (for himself, Mr. Durbin, Mr. Franken, Mrs.
Shaheen, Mr. Akaka, and Mr. Coons) proposed an amendment to the bill
H.R. 5949, to extend the FISA Amendments Act of 2008 for five years; as
follows:

Strike all after the enacting clause and insert the
following:

SECTION 1. SHORT TITLE.

This Act may be cited as the ``FAA Sunsets Extension Act of
2012''.

SEC. 2. EXTENSION OF FISA AMENDMENTS ACT OF 2008 SUNSET.

(a) Extension.--Section 403(b)(1) of the FISA Amendments
Act of 2008 (Public Law 110-261; 50 U.S.C. 1881 note) is
amended by striking ``December 31, 2012'' and inserting
``June 1, 2015''.
(b) Technical and Conforming Amendments.--Section 403(b)(2)
of such Act (Public Law 110-261; 122 Stat. 2474) is amended
by striking ``December 31, 2012'' and inserting ``June 1,
2015''.
(c) Orders in Effect.--Section 404(b)(1) of such Act
(Public Law 110-261; 50 U.S.C. 1801 note) is amended in the
heading by striking ``December 31, 2012'' and inserting
``June 1, 2015''.

SEC. 3. INSPECTOR GENERAL REVIEWS.

(a) Agency Assessments.--Section 702(l)(2) of the Foreign
Intelligence Surveillance Act of 1978 (50 U.S.C. 1881a(l)(2))
is amended--
(1) in the matter preceding subparagraph (A), by striking
``authorized to acquire foreign intelligence information
under subsection (a)'' and inserting ``with targeting or
minimization procedures approved under this section'';
(2) in subparagraph (C), by inserting ``United States
persons or'' after ``later determined to be''; and
(3) in subparagraph (D)--
(A) in the matter preceding clause (i), by striking ``such
review'' and inserting ``review conducted under this
paragraph'';
(B) in clause (ii), by striking ``and'' at the end;
(C) by redesignating clause (iii) as clause (iv); and
(D) by inserting after clause (ii), the following:
``(iii) the Inspector General of the Intelligence
Community; and''.
(b) Inspector General of the Intelligence Community
Review.--Section 702(l) of the Foreign Intelligence
Surveillance Act of 1978 (50 U.S.C. 1881a(l)) is amended--
(1) by redesignating paragraph (3) as paragraph (4); and
(2) by inserting after paragraph (2) the following:
``(3) Inspector general of the intelligence community
review.--
``(A) In general.--The Inspector General of the
Intelligence Community is authorized to review the
acquisition, use, and dissemination of information acquired
under subsection (a) in order to review compliance with the
targeting and minimization procedures adopted in accordance
with subsections (d) and (e) and the guidelines adopted in
accordance with subsection (f), and in order to conduct the
review required under subparagraph (B).
``(B) Mandatory review.--The Inspector General of the
Intelligence Community shall review the procedures and
guidelines developed by the intelligence community to
implement this section, with respect to the protection of the
privacy rights of United States persons, including--
``(i) an evaluation of the limitations outlined in
subsection (b), the procedures approved in accordance with
subsections (d) and (e), and the guidelines adopted in
accordance with subsection (f), with respect to the
protection of the privacy rights of United States persons;
and
``(ii) an evaluation of the circumstances under which the
contents of communications acquired under subsection (a) may
be searched in order to review the communications of
particular United States persons.
``(C) Consideration of other reviews and assessments.--In
conducting a review under subparagraph (B), the Inspector
General of the Intelligence Community should take into
consideration, to the extent relevant and appropriate, any
reviews or assessments that have been completed or are being
undertaken under this section.
``(D) Report.--Not later than December 31, 2014, the
Inspector General of the Intelligence Community shall submit
a report regarding the reviews conducted under this paragraph
to--
``(i) the Attorney General;
``(ii) the Director of National Intelligence; and
``(iii) consistent with the Rules of the House of
Representatives, the Standing Rules of the Senate, and Senate
Resolution 400 of the 94th Congress or any successor Senate
resolution--

``(I) the congressional intelligence committees; and
``(II) the Committees on the Judiciary of the House of
Representatives and the Senate.

``(E) Public reporting of findings and conclusions.--In a
manner consistent with the protection of the national
security of the United States, and in unclassified form, the
Inspector General of the Intelligence Community shall make
publicly available a summary of the findings and conclusions
of the review conducted under subparagraph (B).''.

SEC. 4. ANNUAL REVIEWS.

Section 702(l)(4)(A) of the Foreign Intelligence
Surveillance Act of 1978 (50 U.S.C. 1881a(l)(4)(A)), as
redesignated by section 3(b)(1), is amended--
(1) in the matter preceding clause (i)--
(A) in the first sentence--
(i) by striking ``conducting an acquisition authorized
under subsection (a)'' and inserting ``with targeting or
minimization procedures approved under this section''; and
(ii) by striking ``the acquisition'' and inserting
``acquisitions under subsection (a)''; and
(B) in the second sentence, by striking ``The annual
review'' and inserting ``As applicable, the annual review'';
and
(2) in clause (iii), by inserting ``United States persons
or'' after ``later determined to be''.
______