A bill to amend the Foreign Agents Registration Act of 1938 by providing for the five year suspension of exemptions provided to an agent of a foreign principal convicted of espionage offenses.

Amends the Foreign Agents Registration Act of 1938 to provide that certain filing exemptions for foreign agents shall not apply to agents which represent foreign principals of specified communist countries unless the Attorney General reports to the congressional intelligence committees that national security and foreign policy circumstances require that this prohibition be waived. Suspends such filing exemptions for any agent of any other foreign principal for five years if any such agent is convicted of espionage.