; waivers (a) Exception for humanitarian assistance The requirement to impose sanctions under sections 5 and 6 shall not apply with respect to activities to provide humanitarian assistance to the people of Hong Kong. (b) Exception for intelligence activities The requirement to impose sanctions under sections 5 and 6 shall not apply with respect to activities subject to the reporting requirements under title V of the National Security Act of 1947 ( 50 U.S.C. 3091 et seq.), or any authorized intelligence activities of the United States. (c) Exception relating to importation of goods (1) In general The authorities and requirements to impose sanctions authorized under this Act shall not include the authority or requirement to impose sanctions on the importation of goods. (2) Good defined In this subsection, the term good means any article, natural or manmade substance, material, supply or manufactured product, including inspection and test equipment, and excluding technical data. (d) Waiver The President may waive the imposition of sanctions under section 5 or 6 with respect to a foreign person if the President determines and reports to the appropriate congressional committees that the waiver is— (1) in the national security interests of the United States; or (2) necessary to prevent undue economic harm to the people of Hong Kong. 8. Implementation; regulations