Sanctions Rationalization Act of 1999

Sanctions Rationalization Act of 1999 - Authorizes the President to delay, suspend, or terminate any economic sanction with respect to a foreign country, if the President determines and reports to the Congress that initiating or continuing such sanction does not serve important U.S. national interests. Declares that suspension or termination of a sanction shall take effect 30 days after submission of such report, and delay of a sanction shall take effect immediately following such submission, unless the Congress enacts a joint resolution of disapproval.