the joint assessment authorized under subsection (a) is completed, the Secretary of Defense shall submit to the appropriate congressional committees a report that contains the joint assessment. (2) Form The report required under paragraph (1) shall be submitted in unclassified form, but may contain a classified annex. 207. Transfer of precision guided munitions to Israel (a) In general Notwithstanding section 514 of the Foreign Assistance Act of 1961 ( 22 U.S.C. 2321h ), the President is authorized to transfer to Israel precision guided munitions from reserve stocks for Israel in such quantities as necessary for legitimate self-defense of Israel and is otherwise consistent with the purposes and conditions for such transfers under the Arms Export Control Act ( 22 U.S.C. 2751 et seq.). (b) Certification Except in the case of an emergency as determined by the President, not later than 5 days before making a transfer under subsection (a), the President shall certify to the appropriate congressional committees that the transfer of the precision guided munitions— (1) does not affect the ability of the United States to maintain a sufficient supply of precision guided munitions