; or (ii) otherwise provide significant financial services to a natural person covered by the report. (2) Briefing required Not later than 30 days after submitting a report described under paragraph (1), the Secretary of the Treasury, or a designee of the Secretary, shall provide to the appropriate Members of Congress an unclassified or classified briefing (as determined appropriate by the Secretary) on the funds covered by the report, including a description of how the funds were acquired, and any illicit or corrupt means employed to acquire or use the funds. (3) Exemptions The requirements described under paragraph (1) may not be applied with respect to a natural person or a financial institution, as the case may be, if the President determines: (A) The funds described under paragraph (1)(A) were primarily acquired through legal and noncorrupt means. (B) The natural person has agreed to provide significant cooperation to the United States for an important national security purpose with respect to China. (C) A financial institution has agreed to— (i) no longer maintain an account described under paragraph (1)(B)(i); (ii) no longer provide significant financial services to a natural person covered by the report; or (iii) provide significant cooperation to the United States for an important national security purpose with respect to China. (4) Waiver The President may waive any requirement described under paragraph (1) with respect to a natural person or a financial institution upon reporting to the appropriate Members of Congress that— (A) the waiver would substantially promote the objective of ending the threat described under paragraph (1); (B) the threat described under paragraph (1) is no longer present