This bill establishes that the U.S. Secretary of State shall no longer apply a policy of denial for exports, re-exports, or transfers of defense articles and services destined for or originating in the Republic of Cyprus. This change is contingent upon the request being made by or on behalf of the Government of the Republic of Cyprus, with the Cypriot government also serving as the end-user. The legislation aims to strengthen U.S. security interests in Europe by reducing Cyprus's dependence on other nations for defense materiel and enhancing the strategic partnership. However, this exclusion from the denial policy does not apply in cases of credible human rights concerns . The President retains the authority to waive this non-denial policy for a period of one fiscal year if deemed essential to U.S. national security interests. Additionally, the President may terminate the exclusion for five-year periods if Cyprus fails to cooperate with the U.S. on anti-money laundering reforms and denies Russian military vessels port access, requiring a certification to Congress.