A bill to amend section 662(a) of the Foreign Assistance Act of 1961 to provide that the reports of the President to Congress under such section on certain activities by the Central Intelligence Agency be submitted only to the Committee on Intelligence of each House of Congress.

Amends the Foreign Assistance Act of 1961 to require the President to report only to the Senate Select Committee on Intelligence and the House Permanent Select Committee on Intelligence before appropriated funds may be spent for intelligence operations in foreign countries (presently, the President reports to the appropriate congressional committees).