; or (B) has taken significant verifiable steps toward stopping such activity; and (2) the President has received reliable assurances that such person will not knowingly engage in activity subject to such sanctions in the future. (d) Sanctions relating to the importation of goods unchanged This section may not be construed to create any new authorities or requirements related to sanctions on the importation of goods. 5. Consideration of certain information in imposing sanctions (a) In general Not later than 60 days after receiving a request from the chairman and ranking member of one of the appropriate congressional committees with respect to whether a person or foreign person, as the case may be, meets the criteria of a person described in section 3(a)(1) or a person described in Executive Order 13219 or Executive Order 14033 as provided for in section 4(b), or any Executive order issued pursuant to this Act or under the Balkans regulatory regime, the President shall— (1) determine if the person or foreign person, as the case may be, meets such criteria; and (2) submit a classified or unclassified report to such chairman and ranking member with respect to such determination that includes a statement of whether or not the President imposed or intends to impose sanctions with respect to such person or foreign person. (b) Sunset This section shall terminate on the date that is 5 years after the date of enactment of this Act. 6. Definitions In this Act: (1) Admitted; alien The terms admitted and alien have the meanings given those terms in section 101 of the Immigration and Nationality Act ( 8 U.S.C. 1101 ). (2) Appropriate congressional committees The term appropriate congressional committees means— (A) the Committee on Foreign Affairs and the Committee on Financial Services of the House of Representatives; and (B) the Committee on Foreign Relations and the Committee on Banking, Housing, and Urban Affairs of the Senate. (3) Correspondent account