EXTENSION OF COUNTERPROLIFERATION AUTHORITIES.

SEC. 1301. EXTENSION OF COUNTERPROLIFERATION AUTHORITIES. (a) One-Year Extension of Authority.— Section 1505 of the Weapons of Mass Destruction Control Act of 1992 (title XV of Public Law 102–484; 22 U.S.C. 5859a) is amended— (1) in subsection (d)(3), by striking out “or” after “fiscal year 1995,” and by inserting “, or $15,000,000 for fiscal year 1997” before the period at the end; and (2) in subsection (f), by striking out “1996” and inserting in lieu thereof “1997”. (b) Funding Flexibility.— Subsection (d) of such section is further amended by adding at the end the following new paragraph: “(4) (A) In the event of a significant unforeseen development related to the activities of the United Nations Special Commission on Iraq for which the Secretary of Defense determines that financial assistance under this section is required at a level which would result in the total amount of assistance provided under this section during the then-current fiscal year exceeding the amount specified with respect to that year under paragraph (3), the Secretary of Defense may provide such assistance notwithstanding the limitation with respect to that fiscal year under paragraph (3). Funds for such purpose may be derived from any funds available to the Department of Defense for that fiscal year. “(B) Financial assistance may be provided under subparagraph (A) only after the Secretary of Defense provides notice in writing to the committees of Congress named in subsection (e)(2) of the significant unforeseen development and of the Secretary’s intent to provide assistance in excess of the limitation for that fiscal year under paragraph (3). However, if the Secretary determines in any case that under the specific circumstances of that case advance notice is not possible, such notice shall be provided as soon as possible and not later than 15 days after the date on which the assistance is provided. Any notice under this subparagraph shall include a description of the development, the amount of assistance provided or to be provided, and the source of the funds for that assistance.”.