; and (B) the Secretary determines that the waiver is necessary to advance the national security interests of the United States. (2) Period of waiver A waiver issued under paragraph (1) shall apply for a period not exceeding 5 years. The Secretary may renew such a waiver. (3) Revocation The Secretary may revoke a waiver issued under paragraph (1) to a covered individual with respect to a covered-post service position if the Secretary determines that the employment of the individual in the covered-post service position poses a threat to national security. (4) Notification (A) In general Not later than 30 days after the date on which the Secretary issues a waiver under paragraph (1) or revokes a waiver under paragraph (3), the Secretary shall submit to the Committees on Armed Services of the Senate and the House of Representatives written notification of the waiver or revocation, as the case may be. (B) Elements A notification required by subparagraph (A) shall include the following: (i) With respect to a waiver issued to a covered individual— (I) the details of the application, including the position held by the individual in the armed forces; (II) the nature of the post-service position of the individual; (III) a description of the national security interests that will be advanced by reason of issuing such a waiver; and (IV) the specific reasons why the Secretary determines that issuing the waiver will advance such interests. (ii) With respect to a revocation of a waiver issued to a covered individual— (I) the details of the waiver, including any renewals of the waiver, and the dates of such waiver and renewals