The bill extends sanctions against Burma and introduces new measures to promote a return to civilian-led democratic rule. It extends the sunset period for sanctions and modifies reporting requirements, urging an assessment of sanctions on specific Burmese entities. The bill also limits shareholding benefits for Burma's State Administration Council and establishes a United States Special Envoy for Burma, with responsibilities including coordinating sanctions policies, engaging with international partners to impose multilateral sanctions, supporting civil society, and providing assistance to the people of Burma.