Intelligence Activities Oversight Improvement Act

[AI summary unavailable — showing source text] Intelligence Activities Oversight Improvement Act - Amends the Foreign Assistance Act of 1961 to repeal the provision that limited spending for intelligence operations in foreign countries to those operations which the President found to be important to the U.S. national security. Amends the National Security Act of 1947 to require the Director of Central Intelligence and the heads of other agencies involved in intelligence activities to keep the Senate Select Committee on Intelligence and the House Permanent Select Committee on Intelligence fully and currently informed of all U.S. intelligence activities, including any significant anticipated intelligence activity. (Current law imposes the same requirement except that: (1) current law declares that such requirement shall not require approval of the intelligence committees before initiating an anticipated intelligence activity; and (2) if the President determines that extraordinary circumstances require that prior notice must be limited, such notice shall be limited to specified members of Congress.) Prohibits any special intelligence activity from being initiated unless and until the activity has been approved by the President and…