Senate And House Committees VoteTo Extend ILSA For Five Years
The US Senate Banking Committeevoted 20-1 on 18 July to extend the Iran-Libya Sanctions Act (ILSA) whichpenalizes foreign companies that make investments directly or significantlycontributing to the enhancement of the ability of Iran or Libya to develop itspetroleum resources for another five years. The senate committee move followsthe approval by the House International Relations Committee of...
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