A bill to amend the Export Administration Act of 1969 to provide for greater congressional oversight of exports of items which are subject to export controls imposed for purposes of national security.

Amends the Export Administration Act of 1969 to prohibit the issuance of any export license on articles or materials whose export is controlled for national security purposes until after the President has reported to Congress with respect to such export. Prohibits issuance of such license if either House of Congress disapproves the export. Permits immediate issuance if the President determines that it is required in the interests of national security. Prohibits the removal of export controls for national security purposes if disapproved by Congress.