; or (B) transactions that are necessary for or related to the activities described in subparagraph (A). (2) Definitions In this subsection— (A) Agricultural commodity The term agricultural commodity has the meaning given that term in section 102 of the Agricultural Trade Act of 1978 ( 7 U.S.C. 5602 ). (B) Medical device The term medical device has the meaning given the term device in section 201 of the Federal Food, Drug, and Cosmetic Act ( 21 U.S.C. 321 ). (C) Medicine The term medicine has the meaning given the term drug in section 201 of the Federal Food, Drug, and Cosmetic Act ( 21 U.S.C. 321 ). (e) Rule of construction Nothing in this Act shall be construed to affect the availability of any existing authorities to issue waivers, exceptions, exemptions, licenses, or other authorization. (f) Annual report Not later than 1 year after the date of the enactment of this Act, and annually thereafter, the President shall submit to the appropriate congressional committees a report that describes each activity that would be sanctionable under this Act if not excepted pursuant to subsections (b) and (c). 11. Report on impacts on the Islamic Republic of Iran of sanctions imposed by the United States (a) In general Not later than 90 days after the date of the enactment this Act, the Secretary of State, in consultation with the Secretary of the Treasury and drawing on subject-matter experts including economists and statisticians from the Department of State and the Department of the Treasury, shall submit to the appropriate congressional committees (as defined in section 2(c)) a report on the impacts on the Islamic Republic of Iran of sanctions imposed by the United States. (b) Elements The report required by subsection (a) shall include an assessment of the following: (1) The impact of sanctions imposed by the United States on the following: (A) Problematic activities and policies of the Islamic Republic of Iran, including ballistic missile development, proliferation of Iranian drones and missiles to state and non-state