IB
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. BUR-
TON 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. DIAZ-
BALART, 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 Con-
necticut, 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.
MALONEY of New York, Mr. MARKEY, Mr. MASCARA, Mr. MATSUI, Mr.
MEEKS of New York, Mr. MENENDEZ, Mr. MICA, Ms. MILLENDER-
MCDONALD, 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. ROHR-
ABACHER, 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 with-
in 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.
SHAYS, Mr. MCINTYRE, Mr. RYAN of Wisconsin, Mr. GREEN of Wis-
consin, 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 Re-
form 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.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘ILSA Extension Act
of 2001’’.
SEC. 2. EXTENSION OF IRAN AND LIBYA SANCTIONS ACT OF
1996.
Section 13(b) of the Iran and Libya Sanctions Act
of 1996 (50 U.S.C. 1701 note; Public Law 104–172) is
amended by striking ‘‘5 years’’ and inserting ‘‘10 years’’.
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘ILSA Extension Act
of 2001’’.
SEC. 2. IMPOSITION OF SANCTIONS WITH RESPECT TO
LIBYA.
(a) IN GENERAL.—Section 5(b)(2) of the Iran and
Libya Sanctions Act of 1996 (50 U.S.C. 1701 note; 110
Stat. 1543) is amended by striking ‘‘$40,000,000’’ each
place it appears and inserting ‘‘$20,000,000’’.
(b) EFFECTIVE DATE.—The amendments made by sub-
section (a) shall apply to investments made on or after June
13, 2001.
SEC. 3. EXTENSION OF IRAN AND LIBYA SANCTIONS ACT OF
1996.
Section 13(b) of the Iran and Libya Sanctions Act of
1996 (50 U.S.C. 1701 note; Public Law 104–172) is amend-
ed by striking ‘‘5 years’’ and inserting ‘‘10 years’’.
SEC. 4. REVISED DEFINITION OF INVESTMENT.
Section 14(9) of the Iran and Libya Sanctions Act of
1996 (50 U.S.C. 1701 note; 110 Stat. 1549) is amended
by adding at the end the following new sentence: ‘‘For pur-
poses of this paragraph, an amendment or other modifica-
tion that is made, on or after June 13, 2001, to an agree-
ment or contract shall be treated as the entry of an agree-
ment or contract.’’.
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘ILSA Exten-
sion Act of 2001’’.
SEC. 2. REPORTS REQUIRED.
Section 10 of the Iran and Libya Sanctions
Act of 1996 (Public Law 104–172; 50 U.S.C. 1701
note) is amended—
(1) by redesignating subsection (b) as
subsection (c); and
(2) by inserting after subsection (a)
the following:
‘‘(b) REPORT ON EFFECTIVENESS OF ACTIONS
UNDER THIS ACT.—Not later than 18 months
after the date of the enactment of the ILSA
Extension Act of 2001, the President shall
transmit to Congress a report that describes—
‘‘(1) the extent to which actions relat-
ing to trade taken pursuant to this Act—
‘‘(A) have been effective in achiev-
ing the objectives of section 3 and
any other foreign policy or national
security objectives of the United
States with respect to Iran and Libya;
and
‘‘(B) have affected humanitarian
interests in Iran and Libya, the coun-
try in which the sanctioned person is
located, or in other countries; and
‘‘(2) the impact of actions relating to
trade taken pursuant to this Act on other
national security, economic, and foreign
policy interests of the United States, in-
cluding relations with countries friendly
to the United States, and on the United
States economy.’’.
SEC. 3. EXTENSION OF IRAN AND LIBYA SANCTIONS ACT OF
1996.
Section 13(b) of the Iran and Libya Sanc-
tions Act of 1996 (Public Law 104–172; 50
U.S.C. 1701 note) is amended by striking ‘‘5
years’’ and inserting ‘‘10 years’’.
SEC. 4. RESOLUTION TO TERMINATE IRAN AND LIBYA
SANCTIONS ACT OF 1996.
The Iran and Libya Sanctions Act of 1996
(Public Law 104–172; 50 U.S.C. 1701 note) is
amended by inserting after section 13 the fol-
lowing:
‘‘SEC. 13A. RESOLUTION TO TERMINATE ACT.
‘‘(a) IN
GENERAL.—Notwithstanding sec-
tion 13(b) of this Act, at any time after the
date on which the report described in section
10(b) is transmitted to Congress, this Act shall
cease to be effective if a joint resolution de-
scribed in subsection (b) is enacted into law.
‘‘(b) JOINT
RESOLUTION
DESCRIBED.—For
purposes of this section, the term ‘joint reso-
lution’ means only a joint resolution of the
two Houses of Congress, the matter after the
resolving clause of which is as follows: ‘That
the Iran and Libya Sanctions Act of 1996 (50
U.S.C 1701 note; Public Law 104–172) shall
cease to be effective beginning on the date of
the enactment of this joint resolution.’.
‘‘(c) PROCEDURES IN HOUSE AND SENATE.—
The provisions of subsections (b) through (f)
of section 152 of the Trade Act of 1974 shall
apply to a joint resolution described in this
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 the
Committee of the Whole House on the State of the
Union and ordered to be printed