End the Cyprus Embargo Act

Allow U.S. defense sales to Cyprus

If enacted, the Secretary of State would not apply a policy of denial to exports, re-exports, or transfers of defense articles and services destined for or originating in the Republic of Cyprus when the request is made by or on behalf of the Cyprus government and Cyprus is the end user. The change would begin on the date of enactment. The nonapplication would not apply to denials based on credible human rights concerns. The President would be able to waive the change for one fiscal year if the President determines it is essential to U.S. national security. Five years after enactment, the President would be able to terminate the nonapplication for the next five-year period (and renew such terminations) if, before each period, the President certifies to the House Committees on Foreign Affairs and Armed Services and the Senate Committees on Foreign Relations and Armed Services that Cyprus is no longer cooperating on anti-money-laundering reforms and is no longer denying Russian military vessels access to ports. The bill also states Congress believes lifting the ban would advance U.S. security and notes Cyprus met prior statutory conditions.