Congress 107 - S 1218 - ILSA Extension Act of 2001

Sponsor

Cosponsors

Topics

American investments Armed Forces and National Security Arms control Arms sales Ballistic missiles Biological weapons Chemical weapons Commerce Contracts Crime and Law Enforcement Debarment of government contractors EBB Terrorism 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 Iran Libya Middle East and North Africa Nuclear nonproliferation Nuclear weapons Petroleum engineering Petroleum industry Sanctions (International law) Science, Technology, Communications State-sponsored terrorism Technology transfer Weapons of mass destruction

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Votes

Summary

ILSA Extension Act of 2001 - Amends the Iran and Libya Sanctions Act of 1996 (ILSA) to extend it for another five-year period. Lowers 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.

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 (the same trigger threshold amount for investment in Iranian energy resources).

Actions

Jul 30, 2001

Held at the desk.
Jul 30, 2001

Received in the House.
Jul 30, 2001

Message on Senate action sent to the House.
Jul 25, 2001

Passed Senate without amendment by Yea-Nay Vote. 96 - 2. Record Vote Number: 251. (text: CR S8194-8195)
Jul 25, 2001

Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 96 - 2. Record Vote Number: 251.(text: CR S8194-8195)
Jul 25, 2001

Considered by Senate. (consideration: CR S8172-8182, S8194-8195)
Jul 25, 2001

Measure laid before Senate by unanimous consent.
Jul 23, 2001

Placed on Senate Legislative Calendar under General Orders. Calendar No. 98.
Jul 23, 2001

Committee on Banking, Housing, and Urban Affairs. Original measure reported to Senate by Senator Sarbanes. Without written report.
Jul 23, 2001

Introduced in Senate
Jul 18, 2001

Committee on Banking, Housing, and Urban Affairs ordered to be reported an original measure.

Amendments

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