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WATERS 059 XML
WATERS 059 XML
XML
12 AGRICULTURAL COMMODITIES.
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1 ‘‘(1) support projects that decrease the reliance
2 of countries on Russia for agricultural commodities,
3 particularly fertilizer and grain;
4 ‘‘(2) ensure the resilience of global grain sup-
5 plies; and
6 ‘‘(3) stimulate private investment in the
7 projects.
8 ‘‘(b) WAIVER AUTHORITY.—The Secretary of the
9 Treasury may waive subsection (a) with respect to a
10 project upon notifying Congress that the waiver is in the
11 national interest of the United States.’’.
12 (b) REPEAL.—Section 1405 of such Act, as added by
13 this section, is repealed effective on the earlier of—
14 (1) the date that is 5 years after the date of the
15 enactment of this Act; or
16 (2) the date that is 30 days after the date the
17 President reports to the Congress that the termi-
18 nation of such section 1405 is important to the na-
19 tional interest of the United States, with an expla-
20 nation of the reasons therefor.
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