To impose sanctions on persons making certain investments directly and significantly contributing to the enhancement of the ability of iran or libya to develop its petroleum resources, and on persons exporting certain items that enhance libya s weapons or aviation capabilities or enhance libya s ability to develop its petroleum resources, and for other purposes. On september 20, 2004, the president signed an executive order to terminate the national emergency with respect to libya and to end ieepabased economic sanctions on libya. As of march 2008, isa sanctions had not been enforced against any nonus company. This act may be cited as the iran sanctions act of 1996. The senate passed a slightly different version on july 16, 1996 unanimous consent. Be it enacted by the senate and house of representatives. In january 1996, the house of representatives passed the iran and libya sanctions act. Iran and libya sanctions act ilsa of 1996 iran watch. Iran and libya sanctions act of 1996 house of representatives june 18, 1996. The iran and libya sanctions act of 1996 ilsa was a 1996 act of congress that imposed economic sanctions on firms doing business with iran and libya. On september 30, 2006, the act was renamed the iran. Introduction on august 5, 1996, president clinton signed the iran and libya sanctions act of 1996 ilsa into law. Iran and libya sanctions act of 1996 long title an act to impose sanctions on persons making certain investments directly and significantly contributing to the enhancement of the ability of iran or libya to develop its petroleum resources, and on persons exporting certain items that enhance libyas weapons or aviation capabilities or enhance libyas ability to develop its petroleum resources, and for other purposes. Iran and libya sanctions act of 1996 house of representatives june 18, 1996 page.
The iran and libya sanctions act of 1996 ilsa was a 1996 act of the united states congress that imposed economic sanctions on firms doing business with. The iran and libya sanctions act of 1996 ilsa was a 1996 act of the united states congress that imposed economic sanctions on firms doing business with iran and libya. Ilsa was a direct reaction to the increasing emergence of the united states. The requirement under section 5b to impose sanctions shall no longer have force or effect with respect to libya if the president determines and certifies to the appropriate congressional committees that libya has fulfilled the requirements of united nations security council resolution 731, adopted january 21, 1992, united nations security council resolution 748, adopted march 31, 1992, and united nations security council resolution 883, adopted november 11, 1993. On september 30, 2006, the act was renamed to the iran sanctions act isa, as it no longer applied to libya, and extended until december 31, 2011. The iran sanctions act isa, originally called the iranlibya sanctions. Speaker, i move to suspend the rules and pass the bill h. Public law 104 172 iran and libya sanctions act of 1996 govinfo.