(a)  In general

The President may, subject to subsection (b), waive the application of any sanctions provision with respect to a foreign person, any restriction with respect to a person, or any duty under this chapter.

(b)  Reports required

(1)  In general

Before issuing a waiver under subsection (a), the President shall submit to Congress⁠—

(A)  a certification in writing that the issuance of the waiver is in the national interests of the United States; and

(B)  a report explaining the basis for the certification.

(2)  Consolidation of reports

If the President is issuing more than one waiver of a section of this chapter, the President may include, in one report submitted under paragraph (1), the certifications and explanations required by that paragraph with respect to each such waiver, as long as all of such certifications and explanations relate to a waiver of the same section of this chapter.

(3)  Form of report

Each report required by paragraph (1) shall be submitted in unclassified form but may include a classified annex.

(4)  Applicability to modifications of certain duty rates

The President is not required to submit a report under paragraph (1) for a modification or adjustment of a rate of duty pursuant to section 10813(b) of this title. This paragraph does not modify or negate the requirement to submit a written determination required by section 10813(b) of this title or a report required by section 10813(g)(1) of this title.