Iran and Libya Sanctions Act
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 to the Iran Sanctions Act (ISA), as it no longer applied to Libya, and extended until December 31, 2011. As of March 2008, ISA sanctions had not been enforced against any non-US company; the act allows the president to waive sanctions on a case-by-case basis, though this waiver is subject to renewal every six months. Despite the restrictions on American investment in Iran, FIPPA provisions apply to all foreign investors, and many Iranian expatriates based in the US continue to make substantial investments in Iran.
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1996 Iran-Libya Sanctions Act1996 Iran/Libya Sanctions Act1996 Iran and Libya Sanctions Act1996 Iran–Libya Sanctions ActD'Amato ActIran-Libya Sanctions ActIran-Libya Sanctions Act of 1996Iran/Libya Sanctions ActIran/Libya Sanctions Act of 1996Iran Libya Sanctions ActIran Sanctions ActIran and Libya Sanctions Act of 1996Iran–Libya Sanctions ActIran–Libya Sanctions Act of 1996
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Iran and Libya Sanctions Act
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 to the Iran Sanctions Act (ISA), as it no longer applied to Libya, and extended until December 31, 2011. As of March 2008, ISA sanctions had not been enforced against any non-US company; the act allows the president to waive sanctions on a case-by-case basis, though this waiver is subject to renewal every six months. Despite the restrictions on American investment in Iran, FIPPA provisions apply to all foreign investors, and many Iranian expatriates based in the US continue to make substantial investments in Iran.
has abstract
The Iran and Libya Sanctions A ...... bstantial investments in Iran.
@en
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Wikipage page ID
20,905,961
Wikipage revision ID
738,828,907
agreedbody
agreeddate
1996-07-23
agreedvote
agreed without objection
cite public law
colloquialacronym
committees
effective date
1996-08-05
enacted by
introducedby
Benjamin A. Gilman
introduceddate
1996-03-19
introducedin
leghisturl
longtitle
An Act to impose sanctions on ...... urces, and for other purposes.
Nickname
Iran Oil Sanctions Act of 1996
passedbody
passeddate
1996-06-19
1996-07-16
passedvote
passed unanimous consent
public law url
sections amended
§ 1701 et seq.
shorttitle
Iran and Libya Sanctions Act of 1996
signeddate
1996-08-05
title amended
subject
hypernym
type
comment
The Iran and Libya Sanctions A ...... bstantial investments in Iran.
@en
label
Iran and Libya Sanctions Act
@en