Home > 107th Congressional Public Laws > Pub.L. 107-025 To respond to the continuing economic crisis adversely affecting American agricultural producers. <> ...

Pub.L. 107-025 To respond to the continuing economic crisis adversely affecting American agricultural producers. <> ...


Google
 
Web GovRecords.org

<DOC>



[[Page 115 STAT. 199]]

Public Law 107-24
107th Congress

                                 An Act


 
 To extend the authorities of the Iran and Libya Sanctions Act of 1996 
   until 2006, and for other purposes. <<NOTE: Aug. 3, 2001 -  [H.R. 
                                1954]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress <<NOTE: ILSA Extension Act of 
2001.>> assembled,

SECTION 1. SHORT <<NOTE: 50 USC 1701 note.>> 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 <<NOTE: Applicability. 50 USC 1701 note.>> Date.--The 
amendments made by subsection (a) shall apply to investments made on or 
after June 13, 2001.

SEC. 3. 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 <<NOTE: President.>> on Effectiveness of Actions Under 
This Act.--Not earlier than 24 months, and not later than 30 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 relating to trade taken 
        pursuant to this Act--
                    ``(A) have been effective in achieving 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 country 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, including relations with 
        countries friendly to the United States, and on the United 
        States economy.

The President may include in the report the President's recommendation 
on whether or not this Act should be terminated or modified.''.

[[Page 115 STAT. 200]]

SEC. 4. EXTENSION OF IRAN AND LIBYA SANCTIONS ACT OF 1996.

    Section 13(b) of the Iran and Libya Sanctions Act of 1996 (Public 
Law 104-172; 50 U.S.C. 1701 note) is amended by striking ``5 years'' and 
inserting ``10 years''.

SEC. 5. 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 purposes of this paragraph, an amendment or other 
modification that is made, on or after June 13, 2001, to an agreement or 
contract shall be treated as the entry of an agreement or contract.''.

    Approved August 3, 2001.

LEGISLATIVE HISTORY--H.R. 1954 (S. 1218):
---------------------------------------------------------------------------

HOUSE REPORTS: No. 107-107, Pt. 1 (Comm. on International Relations) and 
Pt. 2 (Comm. on Ways and Means).
CONGRESSIONAL RECORD, Vol. 147 (2001):
            July 24, 26, considered and passed House.
            July 27, considered and passed Senate.

                                  <all>

Pages: 1

Other Popular 107th Congressional Public Laws Documents:

1 Pub.L. 107-149 To reauthorize the Appalachian Regional Development Act of 1965, and for other purposes. <> ...
2 Pub.L. 107-041 To establish a commission for the purpose of encouraging and providing for the commemoration of the 50th anniversary of the Supreme Court decision in Brown v. Board of Education. <> ...
3 Pub.L. 107-064 Making appropriations for military construction, family housing, and base realignment and closure for the Department of Defense for the fiscal year ending September 30, 2002, and for other purposes. <> %%Fi...
4 Pub.L. 107-103 To amend title 38, United States Code, to modify and improve authorities ...
5 Pub.L. 107-228 To authorize appropriations for the Department of State for fiscal year ...
6 Pub.L. 107-145 To designate the facility of the United States Postal Service located at 39 Tremont Street, Paris Hill, Maine, as the ``Horatio King Post Office Building''. <> ...
7 Pub.L. 107-272 To redesignate the facility of the United States Postal Service located at 6910 South Yorktown Avenue in Tulsa, Oklahoma, as the ``Robert Wayne Jenkins Station''. <> ...
8 Pub.L. 107-044 Making continuing appropriations for the fiscal year 2002, and for other purposes. <> ...
9 Pub.L. 107-289 To amend title 31, United States Code, to expand the types of Federal agencies that are required to prepare audited financial statements. <> ...
10 Pub.L. 107-302 To authorize the Court Services and Offender Supervision Agency of the District of Columbia to provide for the interstate supervision of offenders on parole, probation, and supervised release. <> %%Filename:...
11 Pub.L. 107-242 To amend the charter of the Veterans of Foreign Wars of the United ...
12 Pub.L. 107-295 To amend the Merchant Marine Act, 1936, to establish a program to ensure greater security for United States seaports, and for other purposes. <> ...
13 Pub.L. 107-029 To designate the facility of the United States Postal Service located at 5927 Southwest 70th Street in Miami, Florida, as the ``Marjory Williams Scrivens Post Office''. <> ...
14 Pub.L. 107-331 To amend the Indian Financing Act of 1974 to improve the effectiveness of the Indian loan guarantee and insurance program. <> ...
15 Pub.L. 107-345 To amend title 10, United States Code, to make receipts collected from ...
16 Pub.L. 107-221 To authorize the acquisition of additional lands for inclusion in the Fort Clatsop National Memorial in the State of Oregon, and for other purposes. <> ...
17 Pub.L. 107-058 Making further continuing appropriations for the fiscal year 2002, and for other purposes. <> ...
18 Pub.L. 107-016 To provide for reconciliation pursuant to section 104 of the concurrent resolution on the budget for fiscal year 2002. <> ...
19 Pub.L. 107-151 To revise certain grants for continuum of care assistance for homeless individual and families. <> ...
20 Pub.L. 107-256 To authorize the Secretary of the Interior to conduct a study of the suitability and feasibility of establishing the Niagara Falls National Heritage Area in the State of New York, and for other purposes. <>...
21 Pub.L. 107-131 To amend the Internal Revenue <> Code of 1986 to simplify the reporting requirements relating to higher education tuition and related expenses. ...
22 Pub.L. 107-370 To designate certain lands in the State of California as components of the National Wilderness Preservation System, and for other purposes. <> ...
23 Pub.L. 107-076 Making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 2002, and for other purposes. <> ...
24 Pub.L. 107-033 To designate the United States courthouse located at 40 Centre Street in New York, New York, as the ``Thurgood Marshall United States Courthouse''. <> ...
25 Pub.L. 107-269 To designate the facility of the United States Postal Service located at 204 South Broad Street in Lancaster, Ohio, as the ``Clarence Miller Post Office Building''. <> ...
26 Pub.L. 107-285 To designate the facility of the United States Postal Service located at 380 Main Street in Farmingdale, New York, as the ``Peter J. Ganci, Jr. Post Office Building''. <> ...
27 Pub.L. 107-201 To authorize the Secretary of the Treasury to purchase silver on the open market when the silver stockpile is depleted, to be used to mint coins. <> ...
28 Pub.L. 107-273 To authorize appropriations for the Department of Justice for fiscal year 2002, and for other purposes. <> ...
29 Pub.L. 107-313 To amend the Employee Retirement Income Security Act of 1974 and the Public Health Service Act to extend the mental health benefits parity provisions for an additional year. <> ...
30 P.R. 006 () For the relief of So Hyun Jun. <> [Document Status (Version] ...


Other Documents:

107th Congressional Public Laws Records and Documents

GovRecords.org presents information on various agencies of the United States Government. Even though all information is believed to be credible and accurate, no guarantees are made on the complete accuracy of our government records archive. Care should be taken to verify the information presented by responsible parties. Please see our reference page for congressional, presidential, and judicial branch contact information. GovRecords.org values visitor privacy. Please see the privacy page for more information.
House Rules:

104th House Rules
105th House Rules
106th House Rules

Congressional Bills:

104th Congressional Bills
105th Congressional Bills
106th Congressional Bills
107th Congressional Bills
108th Congressional Bills

Supreme Court Decisions

Supreme Court Decisions

Additional

1995 Privacy Act Documents
1997 Privacy Act Documents
1994 Unified Agenda
2004 Unified Agenda

Congressional Documents:

104th Congressional Documents
105th Congressional Documents
106th Congressional Documents
107th Congressional Documents
108th Congressional Documents

Congressional Directory:

105th Congressional Directory
106th Congressional Directory
107th Congressional Directory
108th Congressional Directory

Public Laws:

104th Congressional Public Laws
105th Congressional Public Laws
106th Congressional Public Laws
107th Congressional Public Laws
108th Congressional Public Laws

Presidential Records

1994 Presidential Documents
1995 Presidential Documents
1996 Presidential Documents
1997 Presidential Documents
1998 Presidential Documents
1999 Presidential Documents
2000 Presidential Documents
2001 Presidential Documents
2002 Presidential Documents
2003 Presidential Documents
2004 Presidential Documents

Home Executive Judicial Legislative Additional Reference About Privacy