H.R. 4715 would authorize the President to exempt from certain licensing and certification requirements transfers and exports of defense articles to the United Kingdom and between Australia, the United Kingdom, and the United States. H.R. 4715 also would increase the criminal penalty for violating rules governing defense exports and imports. Lastly, the bill would require the Department of State to report to the Congress on transfers to the United Kingdom that would no longer require certifications under the bill.