Authorizes the President, upon making specified determinations, to exempt a certain proposed cooperation agreement with India from requirements of the Atomic Energy Act of 1954 (AEC) regarding: (1) mandatory maintenance of International Atomic Energy Agency safeguards for nuclear materials in peaceful nuclear activities; (2) certain additional export criteria and procedures; and (3) conduct resulting in termination of nuclear exports.
Renders any such determinations without effect if the President finds that India has detonated a nuclear explosive device after enactment of this Act.