; and (ii) submit such reports to the Committee on Foreign Relations of the Senate and Committee on Foreign Affairs of the House of Representatives on a quarterly basis. (7) Sunset (A) In general Any exemption described in paragraph (2) shall terminate on the date that is 15 years after the date of the enactment of this subsection. (B) Renewal The Secretary of State may renew such exemption for 5 years upon a certification to the Committee on Foreign Relations of the Senate and the Committee on Foreign Affairs of the House of Representatives that such exemption is in the vital national interest of the United States with a detailed justification for such certification.”. . (b) Reports (1) In general Not later than one year after the date of the enactment of this Act, and annually thereafter until no exemptions described in subsection (l)(2) of section 38 of the Arms Export Control Act ( 22 U.S.C. 2778 ), as added by subsection (a) of this section, remain in effect, the Secretary of State shall submit to the Committee on Foreign Relations of the Senate and the Committee on Foreign Affairs of the House of Representatives a report on the operation of exemptions described in such subsection (l)(2), including whether any changes to such exemptions are likely to be made in the coming year. (2) Initial report The first report submitted under paragraph (1) shall also include an assessment of key recommendations the United States Government has provided to the Governments of Australia and the United Kingdom to revise laws, regulations, and policies of such countries that are required to implement the AUKUS partnership. (3) Report on expedited review of export licenses for exports of advanced technologies Not later than 180 days after the date of the enactment of this Act, the Secretary of State, in coordination with the Secretary of Defense, shall report on the practical application of a possible “fast track” decision-making process for applications, classified or unclassified, to export defense articles and defense