To amend the Arms Export Control Act to update the export licensing requirements under that Act, and for other purposes.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``International Commerce Enhancement 
Act''.

SEC. 2. REFERENCES.

    Except as otherwise specifically provided in this Act, whenever in 
this Act an amendment or repeal is expressed as the amendment or repeal 
of a section or other provision, the reference shall be considered to 
be made to a section or other provision of the Arms Export Control Act 
(22 U.S.C. 2751 et seq.).

SEC. 3. FOREIGN AND NATIONAL SECURITY POLICY OBJECTIVES AND RESTRAINTS.

    (a) Value of Defense Articles and Services.--Section 3(d) (22 
U.S.C. 2753(d)) is amended in paragraphs (1) and (3)(A)--
            (1) by striking ``$14,000,000'' each place it appears and 
        inserting ``$25,000,000''; and
            (2) by striking ``$50,000,000'' each place it appears and 
        inserting ``$85,000,000''.
    (b) Transfers With Respect to NATO and Major Non-NATO Countries.--
Section 3(d) (22 U.S.C. 2753(d)) is amended--
            (1) in paragraph (2)--
                    (A) in subparagraph (A), by striking ``Except as 
                provided in subparagraph (B), unless'' and inserting 
                ``Unless''; and
                            (ii) in subparagraph (B) to read as 
                        follows:
    ``(B) Subparagraph (A) shall not apply in the case of a proposed 
transfer to the North Atlantic Treaty Organization, or any member 
country of such Organization, Japan, Australia, or New Zealand.''; and
                            (iii) in subparagraph (C), by striking ``or 
                        (B)''; and
            (2) in paragraph (3)--
                    (A) in the second sentence of subparagraph (A), by 
                striking ``shall be submitted'' and all that follows 
                through ``unless the President'' and inserting ``shall 
                be submitted at least 30 calendar days before such 
                consent is given in the case of a transfer to a country 
                other than a country which is a member of the North 
                Atlantic Treaty Organization, Japan, Australia, or New 
                Zealand, unless the President'';
                    (B) in the third sentence of subparagraph (A), by 
                striking ``(thus waiving the requirements of clause (i) 
                or (ii), as the case may be, and of subparagraph 
                (B))''; and
                    (C) in subparagraph (B)--
                            (i) by striking ``15-day or''; and
                            (ii) by striking ``subparagraph (A)(i) or 
                        (ii), as the case may be,'' and inserting 
                        ``subparagraph (A)''.

SEC. 4. MILITARY EXPORT CONTROLS.

    (a) Value of Defense Articles and Services.--Section 36 (22 U.S.C. 
2776) is amended in the first sentence of subsections (b)(1) and 
(c)(1)--
            (1) by striking ``$14,000,000'' each place it appears and 
        inserting ``$25,000,000''; and
            (2) by striking ``$50,000,000'' each place it appears and 
        inserting ``$85,000,000''.
    (b) Transfers With Respect to NATO and Major Non-NATO Countries.--
Section 36 (22 U.S.C. 2776) is amended--
            (1) in subsection (b)--
                    (A) in the matter following subparagraph (P) of 
                paragraph (1), by striking ``proposed sale to the North 
                Atlantic Treaty Organization, any member country of 
                such Organization, Japan, Australia, or New Zealand, if 
                the Congress, within fifteen calendar days after 
                receiving such certification, or with respect to a 
                proposed sale to any other country or organization,'' 
                and inserting ``proposed sale to a country other than a 
                country which is a member of the North Atlantic Treaty 
                Organization, Japan, Australia, or New Zealand, or to 
                any other organization,''; and
                    (B) in paragraph (2), strike ``, except that for 
                purposes of consideration of any joint resolution'' and 
                all that follows through ``its introduction'';
            (2) in subsection (c)(2)--
                    (A) in subparagraph (A)--
                            (i) by striking ``the North Atlantic Treaty 
                        Organization, any member country of that 
                        Organization, Japan, Australia, or New 
                        Zealand'' and inserting ``a country other than 
                        a country which is a member of the North 
                        Atlantic Treaty Organization, Japan, Australia, 
                        or New Zealand, or to any other organization'';
                            (ii) by striking ``15'' each place it 
                        appears and inserting ``30''; and
                            (iii) by adding ``and'' at the end;
                    (B) in subparagraph (B), by striking ``; and'' and 
                inserting a period; and
                    (C) by striking subparagraph (C); and
            (3) in subsection (d)--
                    (A) in paragraph (2), by striking ``shall be 
                submitted'' and all that follows through ``unless the 
                President'' and inserting ``shall be submitted at least 
                30 days before approval is given in the case of an 
                agreement for or in a country other than a country 
                which is a member of the North Atlantic Treaty 
                Organization, Japan, Australia, or New Zealand, unless 
                the President''; and
                    (B) in paragraph (4)--
                            (i) by striking ``15-day or''; and
                            (ii) by striking ``paragraph (2)(A) or (B), 
                        as the case may be,'' and inserting ``paragraph 
                        (2)''.
    (c) License Applications for Commercial Sales.--Section 36(c)(1) 
(22 U.S.C. 2776(c)(1)) is amended in the first sentence by striking 
``sold under a contract'' each place it appears and inserting ``to be 
sold under a contract, proposed contract, or formal proposal of sale''.

SEC. 5. LEASES OF DEFENSE ARTICLES AND LOAN AUTHORITY FOR COOPERATIVE 
              RESEARCH AND DEVELOPMENT PURPOSES.

    (a) Value of Defense Articles.--Section 63(a) (22 U.S.C. 2796b(a)) 
is amended--
            (1) by striking ``$14,000,000'' and inserting 
        ``$25,000,000''; and
            (2) by striking ``$50,000,000'' and inserting 
        ``$85,000,000''.
    (b) Transfers With Respect to NATO and Major Non-NATO Countries.--
Chapter 6 (22 U.S.C. 2796) is amended--
            (1) in section 62(c), by striking ``shall be transmitted'' 
        and all that follows through ``organization or country'' and 
        inserting ``shall be transmitted not less than 30 calendar days 
        before the agreement is entered into or renewed in the case of 
        an agreement with a country other than a country which is a 
        member of the North Atlantic Treaty Organization, Japan, 
        Australia, or New Zealand, or any other organization''; and
            (2) in section 63(a)--
                    (A) by striking ``15-day or''; and
                    (B) by striking ``section 62(c) (1) or (2), as the 
                case may be,'' and inserting ``section 62(c)''.

Summary: International Commerce Enhancement Act - Amends the Arms Export Control Act to increase threshold values of major defense equipment or defense articles or related training or other defense services whose transfer or lease to foreign countries would require a presidential certification to Congress. Exempts from specified congressional oversight requirements any such transfers to North Atlantic Treaty Organization (NATO) countries, Japan, Australia, or New Zealand.