; or (B) a statement that the Secretary is unable to make the certification described in subparagraph (A) and a notice that the Secretary will, not later than 60 days after the date the determination is submitted to the appropriate congressional committees, submit a report on non-certification described in subsection (c) to the appropriate congressional committees. (c) Report on non-Certification A report on non-certification described in this subsection is a report with respect to a transaction by a financial institution described in subsection (a) that contains— (1) a detailed explanation for why the Secretary is unable to make the certification described under subsection (b)(2)(A) with respect to the transaction; (2) a notification of whether the Secretary will— (A) not amend the authorization of the transaction with respect to the financial institution, notwithstanding such non-certification; (B) suspend the authorization until the Secretary is able to make such certification; (C) revoke the authorization; or (D) otherwise amend the authorization; and (3) an explanation of the reasons for any action to be taken described in paragraph (2). (d) Waiver The President may waive, on a case-by-case basis, the provisions of this section for up to one year at a time upon certifying to the appropriate congressional committees that— (1) the Government of Iran has— (A) made substantial progress towards combating money laundering and terrorism financing risk emanating from Iran; or (B) significantly reduced Iran’s— (i) destabilizing activities in the region; or (ii) material support for terrorist groups