ILSA Extension Act of 2001

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).

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Documents

6 official files

• 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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