Export Administration Renewal Act of 2005

Export Administration Renewal Act of 2005 - Amends the Export Administration Act of 1979 to declare it U.S. policy to utilize the analytic product of the U.S. intelligence community for the consideration of any proposed license under the Act.

Requires the President to conduct a comprehensive review of the commodity classification process and the Export Control Classification Number (ECCN) system.

Places the Office of Foreign Availability under the direction of the Under Secretary of Commerce for Industry and Security (currently, the Under Secretary of Commerce for Export Administration).

Increases penalties for violations of the Act.

Sets forth a five-year statute of limitations for commencing a proceeding in which a civil penalty or other administrative sanction is sought under the Act.

Sets forth U.S. policy on multilateral export control regimes.

Modifies enforcement mechanisms under the Act. Subjects tangible items lawfully seized by U.S. designated officers or employees to forfeiture. Specifies the use of funds made available for undercover investigation operations by the Office of Export Enforcement.

Authorizes interception of communications (wiretaps).

Authorizes the Secretary of Commerce, without fiscal year limitations, to expend funds transferred to, paid to, received by, or made available to the Bureau of Industry and Security of the Department of Commerce as a reimbursement.

Establishes the BIS Export Enforcement Fund in the Treasury.

Exempts functions exercised under the Export Administration Regulations as maintained and amended under the authority of the International Emergency Economic Powers Act from administrative procedure and judicial review.