; and (B) not less than 15 days before the granting of the waiver, submits to the appropriate congressional committees a notice of and justification for the waiver. (2) Special rule (A) In general The President may waive the application of sanctions under this section with respect to a foreign person if the President certifies in writing to the appropriate congressional committees that— (i) the foreign person— (I) has ceased engaging in activities described in subsection (b); or (II) has taken and is continuing to take significant verifiable steps toward ceasing such activities; and (ii) the President has received reliable assurances from the government of the foreign country that such foreign person will not resume engaging in any activity described in subsection (b). (B) Sunset The authority to grant a waiver under this paragraph shall terminate on the date that is 5 years after the date of the enactment of this Act. 5. Report on petroleum and petroleum product exports from Iran (a) In general Not later than 120 days after the date of the enactment of this Act, the Administrator of the Energy Information Administration shall submit to the appropriate congressional committees a report on the increase exports of petroleum and petroleum products by the Islamic Republic of Iran. (b) Contents The report required by subsection (a) shall include the following: (1) An analysis of the export and sale of petroleum and petroleum products by the Islamic Republic of Iran since 2018, including— (A) an estimate of the annual revenue of the export and sale of petroleum by the Islamic Republic of Iran, disaggregated by year; (B) an estimate of the annual revenue of the export and sale of petroleum to the People's Republic of China by the Islamic Republic of Iran, disaggregated by year; (C) the number of petroleum and crude oil barrels annually exported by the Islamic Republic of Iran, disaggregated by year