PUBLIC LAW 102-583—NOV. 2, 1992 106 STAT. 4921 address such obstacles, including the imposition of sanctions or penalties. "(b) ANNUAL REPORTS ON ASSISTANCE. — "(1) IN GENERAL.—At ttie time that the report required by subsection (a) is submitted each year, the Secretary of State, in consultation with appropriate United States Government agencies, shall report to the appropriate committees of the Congress on the assistance provided or proposed to be provided by the United States Government during the preceding fiscal year, the current fiscal year, and the next fiscal year to support international efforts to combat illicit narcotics production or trafficking. "(2) INFORMATION TO BE INCLUDED. —Each report pursuant to this subsection shall— "(A) specify the amount and nature of the assistance provided or to be provided; "(B) include, for each country identified in subsection (a)(3)(A), information from the Drug Enforcement Administration, the Customs Service, and the Coast Guard describing in detail— "(i) the assistance provided or to be provided to such country by that agency, and "(ii) the assistance provided or to be provided to that agency by such country, with respect to narcotic control efforts during the preceding fiscal year, the current fiscal year, and the next fisced year; and "(C) list all transfers, which were made by the United States Government during the preceding fiscal year, to a foreign country for narcotics control purposes of any property seized by or otherwise forfeited to the United States (jrovernment in connection with narcotics-related activity, including an estimate of the fair market value and physical conchtion of each item of property transferred. "(c) DEFINITIONS.— As used in this section— "(1) the term 'precursor chemical' has the same meaning as the term listed chemical' has under paragraph (33) of section 102 of the Controlled Substances Act (21 U.S.C. 902(33)); and "(2) the term 'major money laundering country* means a country whose financial institutions engage in currency transactions involving significant amounts of proceeds from international narcotics trafiicking. "(d) EFFECTIVE DATES OF SECTIONS. —This section applies only during fiscal years 1993 and 1994. Section 489A does not apply during those fiscal years. •SEC. 489A. REPORTING REQUIREMENTS APPLICABLE AFTER 22 USC 22911. SEPTEMBER SO, 1994. "(a) INTERNATIONAL NARCOTICS CONTROL STRATEGY REPORT. — "(1) REQUIREMENT FOR REPORT. — Not later than March 1 President. of each year, the President shall transmit to the Speaker of the House of Representatives, and to the Committee on Foreign Relations of the Senate, a report on United States policy to establish and encourage an international strategy to prevent the ilUcit cultivation and manufacture of and trafiic in narcotic and psychotropic drugs and other controlled substances.