ILSA Extension Act of 2001 (S. 1218 (107th)) — United States

Summary

ILSA Extension Act of 2001 - Amends the Iran and Libya Sanctions Act of 1996 (ILSA) to extend it for another five-year period. Lowers from $40 million to $20 million the threshold amount a foreign person's or entity's knowing investment in Libya's ability to develop its petroleum resources must reach before the President is required to impose two or more specified economic and trade sanctions. Mandates that any amendment or other modification made on or after June 13, 2001, to existing (pre-ILSA) agreements or contracts for the development of Libya's petroleum resources be considered new investment for purposes of the imposition of sanctions (the same trigger amount for investment in Iranian energy resources).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

18 July 2001
Reported
Committee on Banking, Housing, and Urban Affairs ordered to be reported an original measure.
Source: Committee
23 July 2001
Calendars
Placed on Senate Legislative Calendar under General Orders. Calendar No. 98.
Source: Calendars
23 July 2001
Reported
Committee on Banking, Housing, and Urban Affairs. Original measure reported to Senate by Senator Sarbanes. Without written report.
Source: Committee
23 July 2001
Reported
Committee on Banking, Housing, and Urban Affairs. Original measure reported to Senate by Senator Sarbanes. Without written report.
Source: Committee
23 July 2001
Introduced
Introduced in Senate
Source: IntroReferral
25 July 2001
Floor
Measure laid before Senate by unanimous consent.
Source: Floor
25 July 2001
Vote
Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 96 - 2. Record Vote Number: 251.(text: CR S8194-8195)
Source: Floor
30 July 2001
Floor
Held at the desk.
Source: Floor
30 July 2001
Floor
Received in the House.
Source: Floor
30 July 2001
Floor
Message on Senate action sent to the House.
Source: Floor

Votes

25 July 2001 · Bill Passed · On Passage of the Bill S. 1218 · Bill Passed · Official source

Yes 96 · No 2 · Abstain — · Absent/not voting 2

Showing the first 4 recorded positions. Vote totals above are complete.

Versions

Engrossed in Senate · 25 July 2001 · Download file
Placed on Calendar Senate · 23 July 2001 · Download file

Documents

6 official files

Engrossed in Senate (text)

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Engrossed in Senate (text)
Engrossed in Senate · EN · 25 July 2001
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Engrossed in Senate (PDF)
Engrossed in Senate · EN · 25 July 2001
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Placed on Calendar Senate (text)
Placed on Calendar Senate · EN · 23 July 2001
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Placed on Calendar Senate (PDF)
Placed on Calendar Senate · EN · 23 July 2001
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Reported to Senate without amendment
summary · EN · 23 July 2001
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Introduced in Senate
summary · EN · 23 July 2001
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Related records

related to → ILSA Extension Act of 2001
amends ← To make the United States' energy policy toward Iraq consistent with the national security policies of the United States.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/107th-congress/senate-bill/1218
Open data entity: https://api.congress.gov/v3/bill/107/s/1218
us · 107-s-1218 · source updated 9 March 2026

ILSA Extension Act of 2001