; and (B) provide mutual support to such allies and partners participating in such initiative to respond to such state-sponsored cyber activities. (h) Exemptions, waivers, and removals of sanctions and designations (1) Mandatory exemptions The following activities shall be exempt from sanctions under subsections (b), (c), and (d): (A) Activities subject to the reporting requirements of title V of the National Security Act of 1947 ( 50 U.S.C. 3091 et seq.) or to any authorized intelligence activities of the United States. (B) Any transaction necessary to comply with the Agreement regarding the Headquarters of the United Nations, signed at Lake Success June 26, 1947, and entered into force November 21, 1947, between the United Nations and the United States, the Convention on Consular Relations, done at Vienna April 24, 1963, and entered into force March 19, 1967, or other applicable international obligations. (2) Waiver The President may waive the imposition of sanctions described in this section for a period of not more than one year, and may renew such waiver for additional periods of not more than one year, if the President submits to the appropriate congressional committees a written determination that such waiver meets one or more of the following requirements: (A) Such waiver is in the national interests of the United States. (B) Such waiver will further the enforcement of this section or is for an important law enforcement purpose. (C) Such waiver is for an important humanitarian purpose. (3) Removals of sanctions and designations The President may prescribe rules and regulations for the removal of sanctions under subsections (b), (c), and (d) and the removal of designations under subsection (a) if the President determines that a foreign person, agency or instrumentality of a foreign state, or government of a foreign state subject to such sanctions or designation, as the case may be, has verifiably ceased its participation in any of the conduct with respect to which such foreign person, agency or