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H.R. 3107 (104th): Iran and Libya Sanctions Act of 1996

The text of the bill below is as of Jul 16, 1996 (Passed the Senate with an Amendment).


HR 3107 EAS

In the Senate of the United States,

July 16, 1996.

Resolved, That the bill from the House of Representatives (H.R. 3107) entitled ‘An Act to impose sanctions on persons making certain investments directly and significantly contributing to the enhancement of the ability of Iran or Libya to develop its petroleum resources, and on persons exporting certain items that enhance Libya’s weapons or aviation capabilities or enhance Libya’s ability to develop its petroleum resources, and for other purposes’, do pass with the following

AMENDMENT:

    Page 7, strike out all after line 7, over to and including line 20 on page 8 and insert:

    (b) MANDATORY SANCTIONS WITH RESPECT TO LIBYA-

      (1) VIOLATIONS OF PROHIBITED TRANSACTIONS- Except as provided in subsection (f), the President shall impose 2 or more of the sanctions described in paragraphs (1) through (6) of section 6 if the President determines that a person has, with actual knowledge, on or after the date of the enactment of this Act, exported, transferred, or otherwise provided to Libya any goods, services, technology, or other items the provision of which is prohibited under paragraph 4(b) or 5 of Resolution 748 of the Security Council of the United Nations, adopted March 31, 1992, or under paragraph 5 or 6 of Resolution 883 of the Security Council of the United Nations, adopted November 11, 1993, if the provision of such items significantly and materially--

        (A) contributed to Libya’s ability to acquire chemical, biological, or nuclear weapons or destabilizing numbers and types of advanced conventional weapons or enhanced Libya’s military or paramilitary capabilities;

        (B) contributed to Libya’s ability to develop its petroleum resources; or

        (C) contributed to Libya’s ability to maintain its aviation capabilities.

      (2) INVESTMENTS THAT CONTRIBUTE TO THE DEVELOPMENT OF PETROLEUM RESOURCES- Except as provided in subsection (f), the President shall impose 2 or more of the sanctions described in paragraphs (1) through (6) of section 6 if the President determines that a person has, with actual knowledge, on or after the date of the enactment of this Act, made an investment of $40,000,000 or more (or any combination of investments of at least $10,000,000 each, which in the aggregate equals or exceeds $40,000,000 in any 12-month period), that directly and significantly contributed to the enhancement of Libya’s ability to develop its petroleum resources.

Attest:

Secretary.

104th CONGRESS

2d Session

H. R. 3107

AMENDMENT