[Congressional Record Volume 147, Number 73 (Thursday, May 24, 2001)]
[House]
[Pages H2682-H2683]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




               H.R. 1954, THE ILSA EXTENSION ACT OF 2001

  (Mr. GILMAN asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. GILMAN. Mr. Speaker, yesterday along with 200 of my congressional 
colleagues, I introduced H.R. 1954, the ILSA Extension Act of 2001, 
which extends the provisions of the Iran-Libya Sanctions Act for an 
additional 5 years.
  This measure is aimed at dissuading foreign companies from investing 
in Iran and Libya and does not affect any of our American companies. In 
Iran, we are confronted with a regime which continues to threaten the 
national security of the United States and the destruction of Israel. 
The Libyan government has failed to take responsibility for its actions 
in a terrorist attack in bringing down Pan Am Flight 103, killing 
Americans, British and others. ILSA has been effective in slowing

[[Page H2683]]

down any investment in Iran and in Libya. The ILSA Extension Act will 
enable our Nation to continue our efforts to pressure Iran and Libya to 
conform to acceptable standards of behavior within the international 
community. I invite our colleagues to join us in this important issue.

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