Publication

No firms have been sanctioned under the Iran-Libya Sanctions Act (ILSA), and it has terminated with respect to Libya. Renewed in August 2001 for another five years, ILSA was scheduled to expire in August 2006. In the 109th Congress, H.R. 282 (passed by the House on April 26, 2006), S. 333, and H.R. 6198 would tighten some provisions. The latter, which extends ILSA until December 31, 2011, but allows substantial Administration flexibility, was passed and signed.