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seq.), or any other authority of the President or Congress under the Constitution of the United States.
(b) Relationship to Section 721 of the Defense Production Act of 1950.—
(1) In general.—Notwithstanding section 721(d)(4)(B) of the Defense Production Act of 1950 (50 U.S.C. 4565(d)(4)(B)), nothing in this Act shall prevent or preclude the President or the Committee on Foreign Investment in the United States from exercising any authority under section 721 of the Defense Production Act of 1950 (50 U.S.C. 4565 et seq.), as would be available in the absence of this Act.
(2) Authority of the President.—The President may not exercise any authority under section 4 with respect to a covered holding that directly resulted from a transaction if—
(A) the Committee on Foreign Investment in the United States reviewed the transaction (or a broader transaction that included the transaction) as a covered transaction (as defined in section 721(a)(4) of the Defense Production Act of 1950 (50 U.S.C. 4565(a)(4))) and its implementing regulations; and
