RS20871
The Iran-Libya Sanctions Act (ILSA)
April 26, 2006
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Summary
No firms have been sanctioned under the Iran-Libya Sanctions Act (ILSA), and it has terminated with respect to Libya. Renewed in August 2001 for another five years (P.L. 107-24), ILSA is scheduled to expire in August 2006. In the 109th Congress, H.R. 282 (passed by the House on April 26, 2006) and S. 333 would extend it indefinitely and modify it, including imposing a time limit for the Administration to determine whether an investment violates ILSA. This report will be updated. See also CRS Report RL32048, Iran: U.S. Concerns and Policy Responses, by Kenneth Katzman.
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Related Legislation:
- H.R.282
- S.333
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Related Reports:
- RS20871
