CONGRESSIONAL NOTIFICATION OF SMALL ARMS AND LIGHT WEAPONS LICENSE APPROVALS; REPORTS.

SEC. 1205. CONGRESSIONAL NOTIFICATION OF SMALL ARMS AND LIGHT WEAPONS LICENSE APPROVALS; REPORTS. (a) Congressional Notification of Export License Approvals.—Section 36(c) of the Arms Export Control Act (22 U.S.C. 2776(c)) is amended by inserting “(or, in the case of a defense article that is a firearm controlled under category I of the United States Munitions List, $1,000,000 or more)” after “$50,000,000 or more”. 116 STAT. 1428 (b) Report.—Section 40A(c) of the Arms Export Control Act (22 U.S.C. 2785(c)) is amended by inserting before the period the following: “and the numbers, range, and findings of end-use monitoring of United States transfers of small arms and light weapons”. (c) Annual Military Assistance Reports.—Section 655(b)(3) of the Foreign Assistance Act of 1961 (22 U.S.C. 2415(b)(3)) is amended by inserting before the period at the end the following: “, including, in the case of defense articles that are firearms controlled under category I of the United States Munitions List, a statement of the aggregate dollar value and quantity of semiautomatic assault weapons, or spare parts for such weapons, the manufacture, transfer, or possession of which is unlawful under section 922 of title 18, United States Code, that were licensed for export during the period covered by the report”. (c) Report on Arms Brokering.— Not later than June 30, 2003, the Secretary shall submit a report to the appropriate congressional committees on activities of registered arms brokers, which shall discuss— (1) the role of such brokers in the United States and other countries; (2) United States law, regulations, and policy regarding arms brokers; (3) violations of the Arms Export Control Act; (4) United States resources and personnel devoted to the monitoring of arms brokers; (5) any needed changes in law, regulation, policy, or resources; and (6) any implications for the regulation of arms brokers in other countries.