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This section extends the sunset of the authority to impose sanctions and of sanctions imposed under the Burma Unified through Rigorous Military Accountability Act of 2022 (i.e., sanctions targeting the Burmese military and related persons following its 2021 coup) to 10 years after December 23, 2022 (from 8 years). (Thus, the authority and sanctions terminate on December 23, 2032, rather than December 23, 2030, unless terminated earlier via presidential certification of specified democratic reforms or, for individuals, via notification.)
This section revises the assessment and reporting requirement in subsection (e) of section 5571 of the Burma Unified through Rigorous Military Accountability Act of 2022 (22 U.S.C. 10222(e)). It requires the President, not later than 180 days after enactment of the Bringing Real Accountability Via Enforcement in Burma Act and annually thereafter for seven years, to determine whether the following Burmese persons meet sanctions criteria under subsection (a) or E.O. 14014 (relating to blocking property with respect to the situation in Burma) and to submit an unclassified report, with a classified annex if needed, to the appropriate congressional committees: (1) any Burmese state-owned enterprise not operating in the industrial or extractive sectors that significantly financially benefits the Burmese military; (2) Myanma Economic Bank; and (3) any foreign person operating in the jet fuel sector of the Burmese economy (e.g., through financial services or jet fuel importation, exportation, sale, supply, trade, storage, or transport).
This section directs the Secretary of the Treasury to instruct the U.S. executive director at the International Monetary Fund (IMF) to oppose, as appropriate, any increase in Burma's shareholding during IMF governance reviews if Burma is governed by the State Security and Peace Commission or any successor authority. The President may waive this requirement upon certification to the House Committee on Financial Services and the Senate Committee on Foreign Relations that the waiver is important to the national interest of the United States, including a detailed explanation.
This section establishes the position of United States Special Envoy for Burma, appointed by the Secretary of State from among Burma experts (including possibly a Foreign Service Officer), who shall have the rank of ambassador and be responsible for coordinating all aspects of U.S. policy toward Burma. The Special Envoy's central objective is to develop a comprehensive diplomatic strategy to promote peace and a civilian-led democratic government in Burma. The Special Envoy shall also (1) coordinate U.S. sanctions under the Burma Unified through Rigorous Military Accountability Act of 2022 and other authorities across federal agencies; (2) develop and implement multilateral sanctions; (3) lead interagency efforts, including by specified ambassadors, to pressure China and Russia, pursue a UN arms embargo and targeted sanctions, engage Burmese civil society and 2020 elected officials (e.g., National Unity Government), enhance UN mechanisms on atrocities and prisoners, address Western Burma challenges with India and Bangladesh, and support nongovernmental organizations; (4) support protection, humanitarian assistance, and accountability for ethnic minorities; (5) coordinate all U.S. assistance to Burma's people until diplomatic normalization; (6) provide input on reporting the act's impacts; and (7) report to and coordinate with Congress.