PlainBillCongress, translated.Legislation. Context. Public interest.Congressional Research Service
Version 18 · Reported to House amended, Part I · Apr 17, 1996
Iran Oil Sanctions Act of 1996 - Directs the President to impose certain economic sanctions against persons who with actual knowledge or reason to know: (1) export certain petroleum and natural gas-related items that would significantly and materially enhance Iran's ability to develop its petroleum resources; or (2) make an investment of $40 million or more in any 12-month period that directly contributes to Iran's development of such resources. Specifies exceptions to trade sanctions, among other things for certain defense-related articles or services essential to U.S. national security. Prohibits with respect to any sanctioned person: (1) extension of Export-Import Bank assistance ; (2) licenses or permits for the exportation of goods or technology; (3) importation into the United States of products produced by such person; and (4) loans from U.S. financial institutions. Specifies sanctions against financial institutions. Authorizes the Secretary of State, upon request, to issue an advisory opinion to any person as to whether a proposed activity would be subject to sanctions. Waives the requirements of this Act if the President certifies to the appropriate congressional committees that Iran: (1) has ceased its efforts to develop or acquire a nuclear explosive device, chemical or biological weapons, or ballistic missiles and missile launch technology; and (2) has been removed from the list of countries determined, under the Export Administration Act of 1979, to have repeatedly supported acts of international terrorism. Sets forth additional criteria for such waiver. Waives the requirements of this Act with respect to Libya only if the President, in addition to the waiver determination, certifies to the appropriate congressional committees that Libya has fulfilled the requirements of the United Nations Security Council Resolution 731, adopted January 21, 1992 (with respect to release of the two suspects in the Pan Am 103 bombing). Directs the President to establish a List of Petroleum and Natural Gas-Related Goods and Technology which shall be subject to the export control restrictions of this Act. Requires the President to report periodically to the appropriate congressional committees on efforts to persuade other countries to: (1) pressure Iran to cease its nuclear, chemical, biological, and missile weapons programs and support of international terrorism; and (2) ask Iran to reduce the presence of Iranian diplomats and other personnel and withdraw any of them who participated in the takeover of the U.S. embassy in Tehran on November 4, 1979. Requires the President to ensure continued reports to the Congress on Iran's: (1) nuclear and other military capabilities; and (2) support for acts of international terrorism. Applies the sanctions required under this Act to persons making investments for the development of petroleum resources in Libya. Declares that determinations to impose sanctions under this Act are not reviewable in any court.
People & committees
Rep. Gilman, Benjamin A. [R-NY-20] · R–NY
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Became Public Law No: 104-172.
Became Public Law No: 104-172.
Signed by President.
Signed by President.
Presented to President.
Presented to President.
Motion to reconsider laid on the table Agreed to without objection.
On motion that the House agree to the Senate amendment Agreed to without objection. (consideration: CR H8125-8127)
Resolving differences -- House actions: On motion that the House agree to the Senate amendment Agreed to without objection.(consideration: CR H8125-8127)
Mr. Gilman asked unanimous consent that the House agree to the Senate amendment.
Message on Senate action sent to the House.
Senate appointed conferees Roth; Moynihan from the Committee on Finance.
Senate appointed conferees D'Amato; Mack; Sarbanes from the Committee on Banking, Housing and Urban Affairs.
Senate insisted on its amendment, requested a conference. (consideration: CR S7917)
Passed Senate with an amendment by Unanimous Consent.
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
Amendment SP 4588 agreed to in Senate by Unanimous Consent.
Amendment SP 4588 proposed by Senator Lott for Senator Kennedy.
Measure laid before Senate by unanimous consent. (consideration: CR S7917)
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 450.
The title of the measure was amended. Agreed to without objection.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays (2/3 required): 415 - 0 (Roll No. 250).
House roll call 250 · Individual votesPassed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays (2/3 required): 415 - 0 (Roll No. 250).
House roll call 250 · Individual votesConsidered as unfinished business. (consideration: CR H6528-6529)
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 5, rule I, the Chair announced that further proceedings on the motion would be postponed.
DEBATE - The House proceeded with forty minutes of debate.
Considered under suspension of the rules. (consideration: CR H6469-6478)
Mr. Gilman moved to suspend the rules and pass the bill, as amended.
Placed on the Union Calendar, Calendar No. 308.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 104-523, Part II. Filed late, pursuant to previous special order.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 104-523, Part II. Filed late, pursuant to previous special order.
Ordered to be Reported (Amended) by Voice Vote.
Committee Consideration and Mark-up Session Held.
House Committee on Ways and Means Granted an extension for further consideration ending not later than June 14, 1996.
House Committee on Ways and Means Granted an extension for further consideration ending not later than June 11, 1996.
Subcommittee on Trade Discharged.
House Committee on Ways and Means Granted an extension for further consideration ending not later than June 7, 1996.
Subcommittee Hearings Held.
House Committee on Ways and Means Granted an extension for further consideration ending not later than May 31, 1996.
House Committee on Ways and Means Granted an extension for further consideration ending not later than May 17, 1996.
House Committee on Ways and Means Granted an extension for further consideration ending not later than May 10, 1996.
Committee on Government Reform discharged.
Committee on Government Reform discharged.
Committee on Banking and Financial Services discharged.
Committee on Banking and Financial Services discharged.
House Committee on Ways and Means Granted an extension for further consideration ending not later than May 3, 1996.
House Committee on Government Reform Granted an extension for further consideration ending not later than May 3, 1996.
House Committee on Banking and Financial Services Granted an extension for further consideration ending not later than May 3, 1996.
Reported (Amended) by the Committee on International Relations. H. Rept. 104-523, Part I.
Reported (Amended) by the Committee on International Relations. H. Rept. 104-523, Part I.
Referred to the Subcommittee on Government Management, Information and Technology.
Referred to the Subcommittee on Domestic and International Monetary Policy.
Referred to the Subcommittee on Trade.
Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 0.
Committee Consideration and Mark-up Session Held.
Sponsor introductory remarks on measure. (CR E387)
Referred to the Committee on International Relations, and in addition to the Committees on Banking and Financial Services, Ways and Means, and Government Reform and Oversight, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on International Relations, and in addition to the Committees on Banking and Financial Services, Ways and Means, and Government Reform and Oversight, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on International Relations, and in addition to the Committees on Banking and Financial Services, Ways and Means, and Government Reform and Oversight, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on International Relations, and in addition to the Committees on Banking and Financial Services, Ways and Means, and Government Reform and Oversight, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on International Relations, and in addition to the Committees on Banking and Financial Services, Ways and Means, and Government Reform and Oversight, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Mar 23, 2026. Consult Congress.gov for the current record.
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