The report recommends that the U.S. government should announce its intention to use sanctions to impose a "de facto international embargo on all investments in, and trade with, Iran" if Tehran does not comply with U.N. Security Council resolutions.
It also recommends sending a "crystal clear" message to Iran's leaders that U.S. military action would prevent them from succeeding in the pursuit of a nuclear weapon.
"The president should explicitly declare that he will use military force to destroy Iran's nuclear program if Iran takes additional decisive steps toward producing a bomb," the report said.
On the civil war in Syria, the report said that the U.S. government should emphasize to the opposition trying to oust President Bashar al-Assad that once it comes into power, it will have to work with the international community to destroy Assad's chemical weapons stockpile.
Failure to do so would lead to sanctions and other measures at a time when a new government would need external assistance to consolidate control and develop the economy, the report said.
It also recommended stressing to the Assad government that it should destroy the chemical weapons rather than use them and face prosecution or have them fall into the hands of its opposition.
In addition to Albright, the other project co-chairs were Mark Dubowitz, executive director of The Foundation for the Defense of Democracies; Orde Kittrie, law professor at the Sandra Day O'Connor College of Law; Leonard Spector, deputy director of the James Martin Center for Nonproliferation Studies; and Michael Yaffe of the Near East, South Asia Center for Strategic Studies at the National Defense University. They were not representing their institutions in this project.