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Union Calendar No. 82

107TH CONGRESS

1ST SESSION H. R. 1954

[Report No. 107–107, Parts I and II]

To extend the authorities of the Iran and Libya Sanctions Act of 1996

until 2006.

IN THE HOUSE OF REPRESENTATIVES

MAY 23, 2001

Mr. GILMAN (for himself, Mr. BERMAN, Mr. ARMEY, Mr. GEPHARDT, Ms.

PRYCE of Ohio, Mr. LANTOS, Mr. COX, Mr. ACKERMAN, Mr. BLUNT, Mr.

WAXMAN, Mr. ADERHOLT, Mr. ANDREWS, Mr. BACA, Mr. BAIRD, Mr.

BAKER, Ms. BALDWIN, Mr. BASS, Mr. BECERRA, Mr. BENTSEN, Ms.

BERKLEY, Mr. BOEHLERT, Mrs. BIGGERT, Mr. BILIRAKIS, Mr.

BLAGOJEVICH, Mr. BONILLA, Mrs. BONO, Mr. BORSKI, Mr. BOYD, Mr.

BROWN of Ohio, Mr. BROWN of South Carolina, Mr. BRYANT, Mr. BURTON of Indiana, Mr. BUYER, Mr. CALLAHAN, Mr. CANTOR, Mrs. CAPPS,

Mr. CARSON of Oklahoma, Mr. CAPUANO, Mr. CARDIN, Mr. COBLE, Mr.

CONDIT, Mr. COSTELLO, Mr. CRENSHAW, Mr. CROWLEY, Mr. DAVIS of

Florida, Mrs. JO ANN DAVIS of Virginia, Mrs. DAVIS of California, Mr.

TOM DAVIS of Virginia, Ms. DEGETTE, Mr. DEUTSCH, Mr. DIAZBALART, Mr. DOOLITTLE, Mr. DOYLE, Mr. EHLERS, Mr. ENGEL, Ms.

ESHOO, Mr. ETHERIDGE, Mr. EVANS, Mr. FERGUSON, Mr. FILNER, Mr.

FLAKE, Mr. FOLEY, Mr. FORD, Mr. FOSSELLA, Mr. FRANK, Mr.

FRELINGHUYSEN, Mr. FROST, Mr. GANSKE, Mr. GALLEGLY, Mr. GEKAS,

Mr. GILCHREST, Mr. GILLMOR, Mr. GONZALEZ, Mr. GORDON, Mr. GOSS,

Mr. GRAHAM, Ms. GRANGER, Mr. GRAVES, Mr. GRUCCI, Mr. GUTIERREZ,

Mr. HASTINGS of Florida, Ms. HARMAN, Ms. HART, Mr. HAYES, Mr.

HAYWORTH, Mr. HILLEARY, Mr. HOEFFEL, Mr. HOLT, Mr. HOLDEN,

Mr. HONDA, Ms. HOOLEY of Oregon, Mr. HORN, Mr. HOYER, Mr.

HUNTER, Mr. HUTCHINSON, Mr. ISRAEL, Mr. ISSA, Mrs. KELLY, Mr.

KENNEDY of Rhode Island, Mr. KING, Mr. KINGSTON, Mr. KIRK, Mr.

KNOLLENBERG, Mr. LANGEVIN, Mr. LAMPSON, Mr. LARSON of Connecticut, Mr. LATOURETTE, Mr. LEACH, Ms. LEE, Mr. LEVIN, Mr.

LEWIS of Georgia, Mr. LIPINSKI, Mr. LOBIONDO, Mrs. LOWEY, Mrs.

MCCARTHY of New York, Ms. MCCARTHY of Missouri, Mr. MCCRERY,

Mr. MCGOVERN, Mr. MCINNIS, Mr. MCKEON, Mr. MCNULTY, Mrs.
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MALONEY of New York, Mr. MARKEY, Mr. MASCARA, Mr. MATSUI, Mr.

MEEKS of New York, Mr. MENENDEZ, Mr. MICA, Ms. MILLENDERMCDONALD, Mr. MILLER of Florida, Mr. GEORGE MILLER of California,

Mrs. MORELLA, Mr. MURTHA, Mrs. MYRICK, Mr. NADLER, Mrs.

NORTHUP, Mr. NORWOOD, Mr. OSE, Mr. OTTER, Mr. OWENS, Mr.

PALLONE, Mr. PASCRELL, Mr. PASTOR, Ms. PELOSI, Mr. PHELPS, Mr.

PITTS, Mr. PLATTS, Mr. PUTNAM, Mr. RAMSTAD, Mr. REHBERG, Mr.

REYNOLDS, Mr. RILEY, Ms. RIVERS, Mr. RODRIGUEZ, Mr. ROHRABACHER, Mr. ROGERS of Michigan, Ms. ROS-LEHTINEN, Mr. ROTHMAN,

Mrs. ROUKEMA, Mr. RYUN of Kansas, Mr. SABO, Mr. SANDLIN, Mr.

SAXTON, Mr. SCARBOROUGH, Ms. SCHAKOWSKY, Mr. SCHIFF, Mr.

SCHROCK, Mr. SESSIONS, Mr. SHAW, Mr. SHADEGG, Mr. SHERMAN, Mr.

SHOWS, Mr. SIMMONS, Mr. SKELTON, Ms. SLAUGHTER, Mr. SMITH of

New Jersey, Ms. SOLIS, Mr. SOUDER, Mr. SPENCE, Mr. STEARNS, Mr.

STUMP, Mr. STUPAK, Mr. SWEENEY, Mr. TANNER, Mrs. TAUSCHER, Mr.

TAUZIN, Mr. TERRY, Mr. THOMPSON of California, Mrs. THURMAN, Mr.

TIBERI, Mr. UDALL of New Mexico, Mr. UNDERWOOD, Mr. VISCLOSKY,

Mr. VITTER, Mr. WAMP, Mr. WEINER, Mr. WELDON of Florida, Mr.

WELDON of Pennsylvania, Mr. WELLER, Mr. WEXLER, Mr. WICKER, Ms.

WOOLSEY, Mr. WU, and Mr. YOUNG of Alaska) introduced the following

bill; which was 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

JUNE 22, 2001

Reported from the Committee on International Relations with an amendment

[Strike out all after the enacting clause and insert the part printed in italic]

JUNE 22, 2001

Referral to the Committees on Financial Services, Ways and Means, and

Government Reform for a period ending not later than July 13, 2001

JULY 13, 2001

Referral to the Committees on Financial Services, Ways and Means, and

Government Reform for a period ending not later than July 16, 2001

JULY 16, 2001

Additional sponsors: Mr. BACHUS, Mr. BALDACCI, Ms. BROWN of Florida, Mr.

DAVIS of Illinois, Mr. FARR of California, Mr. MEEHAN, Ms. VELA ́ZQUEZ,

Mr. CHAMBLISS, Mr. BURR of North Carolina, Mr. CALVERT, Mr.

CRAMER, Mr. KELLER, Mr. KENNEDY of Minnesota, Mr. ROSS, Mrs.

CUBIN, Mr. CAMP, Mr. PICKERING, Mrs. MEEK of Florida, Mr. UDALL

of Colorado, Mr. DEAL of Georgia, Mr. GREEN of Texas, Mr. LARSEN

of Washington, Mr. MATHESON, Mr. CLEMENT, Mr. NUSSLE, Mr.

LATHAM, Mr. HEFLEY, Ms. DELAURO, Mr. WOLF, Mr. LINDER, Mr.

BRADY of Pennsylvania, Mr. KILDEE, Mr. MALONEY of Connecticut, Mrs.

MINK of Hawaii, Mr. GREENWOOD, Mr. ABERCROMBIE, Mr. PETERSON

of Pennsylvania, Mr. TIAHRT, Mr. UPTON, Mr. YOUNG of Florida, Mr.
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SHAYS, Mr. MCINTYRE, Mr. RYAN of Wisconsin, Mr. GREEN of Wisconsin, Mr. LUCAS of Kentucky, and Mr. MOORE

JULY 16, 2001

Reported from the Committee on Ways and Means with amendments

[Strike out all after the enacting clause and insert the part printed in boldface roman]

JULY 16, 2001

The Committee on Financial Services and the Committee on Government Reform discharged; committed to the Committee of the Whole House on the

State of the Union and ordered to be printed

A BILL

To extend the authorities of the Iran and Libya Sanctions

Act of 1996 until 2006.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. SHORT TITLE.

4 This Act may be cited as the ‘‘ILSA Extension Act

5 of 2001’’.

6 SEC. 2. EXTENSION OF IRAN AND LIBYA SANCTIONS ACT OF

7 1996.

8 Section 13(b) of the Iran and Libya Sanctions Act

9 of 1996 (50 U.S.C. 1701 note; Public Law 104–172) is

10 amended by striking ‘‘5 years’’ and inserting ‘‘10 years’’.

11 SECTION 1. SHORT TITLE.

12 This Act may be cited as the ‘‘ILSA Extension Act

13 of 2001’’.
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1 SEC. 2. IMPOSITION OF SANCTIONS WITH RESPECT TO

2 LIBYA.

3 (a) IN GENERAL.—Section 5(b)(2) of the Iran and

4 Libya Sanctions Act of 1996 (50 U.S.C. 1701 note; 110

5 Stat. 1543) is amended by striking ‘‘$40,000,000’’ each

6 place it appears and inserting ‘‘$20,000,000’’.

7 (b) EFFECTIVE DATE.—The amendments made by sub8 section (a) shall apply to investments made on or after June

9 13, 2001.

10 SEC. 3. EXTENSION OF IRAN AND LIBYA SANCTIONS ACT OF

11 1996.

12 Section 13(b) of the Iran and Libya Sanctions Act of

13 1996 (50 U.S.C. 1701 note; Public Law 104–172) is amend14 ed by striking ‘‘5 years’’ and inserting ‘‘10 years’’.

15 SEC. 4. REVISED DEFINITION OF INVESTMENT.

16 Section 14(9) of the Iran and Libya Sanctions Act of

17 1996 (50 U.S.C. 1701 note; 110 Stat. 1549) is amended

18 by adding at the end the following new sentence: ‘‘For pur19 poses of this paragraph, an amendment or other modifica20 tion that is made, on or after June 13, 2001, to an agree21 ment or contract shall be treated as the entry of an agree22 ment or contract.’’.

23 SECTION 1. SHORT TITLE.

24 This Act may be cited as the ‘‘ILSA Exten25 sion Act of 2001’’.
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1 SEC. 2. REPORTS REQUIRED.

2 Section 10 of the Iran and Libya Sanctions

3 Act of 1996 (Public Law 104–172; 50 U.S.C. 1701

4 note) is amended—

5 (1) by redesignating subsection (b) as

6 subsection (c); and

7 (2) by inserting after subsection (a)

8 the following:

9 ‘‘(b) REPORT ON EFFECTIVENESS OF ACTIONS

10 UNDER THIS ACT.—Not later than 18 months

11 after the date of the enactment of the ILSA

12 Extension Act of 2001, the President shall

13 transmit to Congress a report that describes—

14 ‘‘(1) the extent to which actions relat15 ing to trade taken pursuant to this Act—

16 ‘‘(A) have been effective in achiev17 ing the objectives of section 3 and

18 any other foreign policy or national

19 security objectives of the United

20 States with respect to Iran and Libya;

21 and

22 ‘‘(B) have affected humanitarian

23 interests in Iran and Libya, the coun24 try in which the sanctioned person is

25 located, or in other countries; and
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•HR 1954 RH

1 ‘‘(2) the impact of actions relating to

2 trade taken pursuant to this Act on other

3 national security, economic, and foreign

4 policy interests of the United States, in5 cluding relations with countries friendly

6 to the United States, and on the United

7 States economy.’’.

8 SEC. 3. EXTENSION OF IRAN AND LIBYA SANCTIONS ACT OF

9 1996.

10 Section 13(b) of the Iran and Libya Sanc11 tions Act of 1996 (Public Law 104–172; 50

12 U.S.C. 1701 note) is amended by striking ‘‘5

13 years’’ and inserting ‘‘10 years’’.

14 SEC. 4. RESOLUTION TO TERMINATE IRAN AND LIBYA

15 SANCTIONS ACT OF 1996.

16 The Iran and Libya Sanctions Act of 1996

17 (Public Law 104–172; 50 U.S.C. 1701 note) is

18 amended by inserting after section 13 the fol19 lowing:

20 ‘‘SEC. 13A. RESOLUTION TO TERMINATE ACT.

21 ‘‘(a) IN GENERAL.—Notwithstanding sec22 tion 13(b) of this Act, at any time after the

23 date on which the report described in section

24 10(b) is transmitted to Congress, this Act shall
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1 cease to be effective if a joint resolution de2 scribed in subsection (b) is enacted into law.

3 ‘‘(b) JOINT RESOLUTION DESCRIBED.—For

4 purposes of this section, the term ‘joint reso5 lution’ means only a joint resolution of the

6 two Houses of Congress, the matter after the

7 resolving clause of which is as follows: ‘That

8 the Iran and Libya Sanctions Act of 1996 (50

9 U.S.C 1701 note; Public Law 104–172) shall

10 cease to be effective beginning on the date of

11 the enactment of this joint resolution.’.

12 ‘‘(c) PROCEDURES IN HOUSE AND SENATE.—

13 The provisions of subsections (b) through (f)

14 of section 152 of the Trade Act of 1974 shall

15 apply to a joint resolution described in this

16 section.’’.

Amend the title so as to read: ‘‘A bill to extend the

authorities of the Iran and Libya Sanctions Act of 1996

until 2006, and for other purposes.’’.
Union Calendar No. 82

107TH CONGRESS

1ST SESSION H. R. 1954

[Report No. 107–107, Parts I and II]

A BILL

To extend the authorities of the Iran and Libya

Sanctions Act of 1996 until 2006.

JULY 16, 2001

Reported from the Committee on Ways and Means with

amendments

JULY 16, 2001

The Committee on Financial Services and the Committee

on Government Reform discharged; committed to theCommittee of the Whole House on the State of theUnion and ordered to be printed