; and (2) by inserting after paragraph (2) the following new paragraph: (3) Permanent restriction without prior approval (A) In general Any person who has been employed as a senior official in the White House, the Department of State, the Department of Defense, or the Department of the Treasury who, without the explicit prior approval of the Secretary of State, performs compensated work for a foreign entity that might benefit from the knowledge obtained by the person as a result of such United States Government employment, shall be punished as provided in section 216 of this title. (B) Limitation on approval The Secretary of State may not approve any work described in subparagraph (A) that conflicts with the national security interests of the United States, as determined by the Secretary and verified by the Director of National Intelligence. (C) Annual report The Secretary of State shall submit an annual report listing all of the approvals under subparagraph (A) during the prior calendar year to the Committee on Foreign Relations of the Senate , the Committee on Armed Services of the Senate , the Select Committee on Intelligence of the Senate , the Committee on Foreign Affairs of the House of Representatives , the Committee on Armed Services of the House of Representatives , and the Permanent Select Committee on Intelligence of the House of Representatives . . 203. Ban on former military and civilian intelligence officers from foreign employment (a) In general Except as provided in subsection (b), military and intelligence officers possessing a security clearance, upon separation from service or resignation, are prohibited from obtaining employment with a foreign government or a private company doing work predominantly on behalf of a foreign government. (b) Exemption (1) In general Employment with the Government of Australia, of Canada, of New Zealand, or of the United Kingdom is not subject to the prohibition under subsection (a). (2) Waivers Individuals may seek and be granted a waiver by the Secretary of State