RS20871
The Iran-Libya Sanctions Act (ILSA)
August 08, 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 tighten some provisions. S. 2657 would extend ILSA, with no further modifications, for another five years. To avoid expiration of ILSA while these bills are being considered, both houses passed H.R. 5877, extending ILSA until September 29, 2006. This report will be updated. See also CRS Report RL32048, Iran: U.S. Concerns and Policy Responses, by Kenneth Katzman.

    Related Legislation:
  • H.R.282
  • S.333
  • S.2657
  • H.R.5877

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