1. Short title This Act may be cited as the National Emergencies Modernization Act of 2019 . 2. Termination of national emergency if amounts over $250,000,000 reprogrammed or transferred Section 202 of the National Emergencies Act ( 50 U.S.C. 1622 ) is amended— (1) by striking subsection (a) and inserting the following: (a) Any national emergency declared by the President in accordance with this title shall terminate on the earliest of— (1) the date provided for in subsection (b)(3); (2) the date on which there is enacted into law a joint resolution terminating the emergency; or (3) the date on which the President issues a proclamation terminating the emergency. ; (2) in subsection (b)— (A) by striking Not later than six and inserting (1) Not later than six ; and (B) by adding at the end the following: (2) In any case in which national emergency is terminated under this section, any powers or authorities exercised by reason of said emergency shall cease to be exercised after the date of termination of such emergency, except that a termination shall not affect— (A) any action taken or proceeding pending not finally concluded or determined on such date; (B) any action or proceeding based on any act committed prior to such date