; (2) by striking Each notice and inserting the following: (1) In general Each notice ; and (3) by adding at the end the following: (2) Effect of failure to submit The Committee may not complete a review under this section of a covered transaction and may recommend to the President that the President suspend or prohibit the transaction or require divestment under subsection (d) if the Committee determines that a party to the transaction has— (A) failed to submit a statement required by paragraph (1)