End the Cyprus Embargo Act

Reduced reliance on challenging countries: Allowing the export of arms subject to the United States Munitions List would help the Republic of Cyprus reduce its dependence on other countries that pose challenges to United States interests (Section 2, Subsection 1).

Enhanced security and strategic partnership: The bill intends to enhance the strategic partnership and security relationship between the United States and the Republic of Cyprus (Section 2, Subsection 3, Part B).

Increased military cooperation: The Act seeks to enhance cooperation between the United States Armed Forces and the National Guard of the Republic of Cyprus, including existing joint training programs (Section 2, Subsection 3, Part C).

Support for peace efforts: The bill is intended to continue supporting United Nations-facilitated efforts toward a comprehensive solution to the division of Cyprus (Section 2, Subsection 3, Part A).

Human rights exceptions: The removal of the policy of denial does not apply if there are credible human rights concerns (Section 3, Subsection b).

Presidential waiver power: The President has the authority to waive the exclusion of the policy of denial for a period of one fiscal year if it is determined essential to United States national security interests (Section 3, Subsection c).

Potential termination of the exclusion: The President can terminate the exclusion for 5-year periods if the Government of the Republic of Cyprus is no longer cooperating with anti-money laundering reforms or is no longer denying Russian military vessels access to ports (Section 3, Subsection d, Part 1).