Congress 107 - HR 1954 - ILSA Extension Act of 2001

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American investments Armed Forces and National Security Arms control Arms sales Ballistic missiles Biological weapons Chemical weapons Commerce Congress Congress and foreign policy Congressional reporting requirements Contracts Crime and Law Enforcement Debarment of government contractors EBB Terrorism Economic impact statements Economics and Public Finance Energy Export controls Export credit Export finance Exports Federally-guaranteed loans Finance and Financial Sector Foreign Trade and International Finance Government lending Government Operations and Politics International Affairs International relief Iran Libya Middle East and North Africa Nuclear nonproliferation Nuclear weapons Petroleum engineering Petroleum industry President and foreign policy Sanctions (International law) Science, Technology, Communications State-sponsored terrorism Technology transfer Weapons of mass destruction

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Summary

ILSA Extension Act of 2001 - Amends the Iran and Libya Sanctions Act of 1996 (ILSA) to lower from $40 million to $20 million the threshold amount a foreign person's or entity's knowing investment in Libya's ability to develop its petroleum resources must reach before the President is required to impose two or more specified economic and trade sanctions (the same trigger threshold amount for investment in Iranian energy resources).

(Sec. 3) Directs the President to report to Congress on: (1) the extent to which trade actions have been effective in the International Atomic Energy Agency in establishing regular inspections of all nuclear facilities in Iran and any other foreign policy or national security objectives of the United States with respect to Iran and Libya, including the extent to which they have affected humanitarian interests in those countries, the country in which the sanctioned person is located, or in other countries; and (2) the impact of such actions on other national security, economic, and foreign policy interests of the United States, including relations with countries friendly to the United States, and on the U.S. economy. Permits the President to include in such report a recommendation on whether or not this Act should be terminated or modified.

(Sec. 4) Extends such Act for another five year period.

(Sec. 5) Mandates that any amendment or other modification made on or after June 13, 2001, to existing (pre-ILSA) agreements or contracts for the development of Libya's petroleum resources be considered new investment for purposes of the imposition of sanctions.

Actions

Aug 3, 2001

Became Public Law No: 107-24.
Aug 3, 2001

Signed by President.
Aug 1, 2001

Presented to President.
Jul 30, 2001

Message on Senate action sent to the House.
Jul 27, 2001

Passed Senate without amendment by Unanimous Consent. (consideration: CR S8369)
Jul 27, 2001

Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S8369)
Jul 26, 2001

Received in the Senate, read twice.
Jul 26, 2001

The title of the measure was amended. Agreed to without objection.
Jul 26, 2001

Motion to reconsider laid on the table Agreed to without objection.
Jul 26, 2001

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 409 - 6, 1 Present (Roll no. 276). (text: CR 7/24/2001 H4530)
Jul 26, 2001

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 409 - 6, 1 Present (Roll no. 276).(text: CR 7/24/2001 H4530)
Jul 26, 2001

Considered as unfinished business. (consideration: CR H4650-4651)
Jul 24, 2001

At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed until July 25.
Jul 24, 2001

DEBATE - The House proceeded with forty minutes of debate on H.R. 1954.
Jul 24, 2001

Considered under suspension of the rules. (consideration: CR H4530-4535)
Jul 24, 2001

Mr. Gilman moved to suspend the rules and pass the bill, as amended.
Jul 16, 2001

Placed on the Union Calendar, Calendar No. 82.
Jul 16, 2001

Committee on Government Reform discharged.
Jul 16, 2001

Committee on Financial Services discharged.
Jul 16, 2001

Reported (Amended) by the Committee on Ways and Means. H. Rept. 107-107, Part II.
Jul 13, 2001

House Committee on Government Reform Granted an extension for further consideration ending not later than July 16, 2001.
Jul 13, 2001

House Committee on Ways and Means Granted an extension for further consideration ending not later than July 16, 2001.
Jul 13, 2001

House Committee on Financial Services Granted an extension for further consideration ending not later than July 16, 2001.
Jul 12, 2001

Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Jul 12, 2001

Committee Consideration and Mark-up Session Held.
Jul 10, 2001

Subcommittee on Trade Discharged.
Jun 22, 2001

House Committee on Government Reform Granted an extension for further consideration ending not later than July 13, 2001.
Jun 22, 2001

House Committee on Ways and Means Granted an extension for further consideration ending not later than July 13, 2001.
Jun 22, 2001

House Committee on Financial Services Granted an extension for further consideration ending not later than July 13, 2001.
Jun 22, 2001

Reported (Amended) by the Committee on International Relations. H. Rept. 107-107, Part I.
Jun 21, 2001

Mr. Armey asked unanimous consent that the Committee on International Relations have until 5:00 p.m. on June 22 to file a report on H.R. 1954. Agreed to without objection.
Jun 20, 2001

Ordered to be Reported (Amended) by the Yeas and Nays: 41 - 3.
Jun 20, 2001

Committee Consideration and Mark-up Session Held.
Jun 13, 2001

Committee Consideration and Mark-up Session Held.
Jun 6, 2001

Referred to the Subcommittee on Technology and Procurement Policy.
Jun 4, 2001

Referred to the Subcommittee on Trade.
May 24, 2001

Sponsor introductory remarks on measure. (CR H2682-2683)
May 23, 2001

Referred to the Committee on International Relations, and in addition to the Committees on Financial Services, Ways and Means, and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (text of measure as introduced: CR E911)
May 23, 2001

Sponsor introductory remarks on measure. (CR E910-911)
May 23, 2001

Introduced in House

Amendments

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