A bill to amend the Arms Control and Disarmament Act to require the Director of the Arms Control and Disarmament Agency to prepare arms control impact reports with respect to certain transfers of nuclear materials or technology to foreign countries.

Provides, under the Arms Control and Disarmament Act, that no agreement for cooperation which provides for the sale or transfer of any nuclear material or technology to any other nation, group of nations, or regional defense organization, may be entered into under the Atomic Energy Act.

Provides that no license may be issued for the sale or other transfer to any nation or any person outside the United States: (1) of any nuclear reactor, (2) of one kilogram or more plutonium or highly enriched uranium, (3) of any nuclear reactor fuel unless such fuel is to be sold or transferred to a nation which is a party to the Treaty on the Non-Proliferation of Nuclear Weapons, or (4) of such other nuclear material or technology as the Director of the Arms Control and Disarmament Agency may designate, until 20 legislative days after the Director has submitted a report analyzing the impact of such sale or other transfer on arms control and disarmament policies and negotiations to the President, specified Federal officers and organizations, and specified Congressional Committees.