An original bill to extend the authorities of the Iran and Libya Sanctions Act of 1996 until 2006.
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 threshold amount for investment in Iranian energy resources).
Became Public Law No: 107-24.
Committee on Banking, Housing, and Urban Affairs ordered to be reported an original measure.
Introduced in Senate
Committee on Banking, Housing, and Urban Affairs. Original measure reported to Senate by Senator Sarbanes. Without written report.
Committee on Banking, Housing, and Urban Affairs. Original measure reported to Senate by Senator Sarbanes. Without written report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 98.
Measure laid before Senate by unanimous consent.
Considered by Senate. (consideration: CR S8172-8182, S8194-8195)
Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 96 - 2. Record Vote Number: 251.(text: CR S8194-8195)
Roll Call #251 (Senate)Passed Senate without amendment by Yea-Nay Vote. 96 - 2. Record Vote Number: 251. (text: CR S8194-8195)
Roll Call #251 (Senate)Message on Senate action sent to the House.
Received in the House.
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Held at the desk.