PlainBillCongress, translated.Legislation. Context. Public interest.Congressional Research Service
Version 00 · Introduced in Senate · Jul 23, 2001
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).
People & committees
Sen. Sarbanes, Paul S. [D-MD] · D–MD
Legislative record
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Held at the desk.
Received in the House.
Message on Senate action sent to the House.
Passed Senate without amendment by Yea-Nay Vote. 96 - 2. Record Vote Number: 251. (text: CR S8194-8195)
Senate roll call 251 · Individual votesPassed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 96 - 2. Record Vote Number: 251.(text: CR S8194-8195)
Senate roll call 251 · Individual votesConsidered by Senate. (consideration: CR S8172-8182, S8194-8195)
Measure laid before Senate by unanimous consent.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 98.
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.
Introduced in Senate
Committee on Banking, Housing, and Urban Affairs ordered to be reported an original measure.
Primary sources
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Source last updated: Mar 9, 2026. Consult Congress.gov for the current record.
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