Benjamin Gilman: “Yesterday along with 200 of my congressional colleagues, I introduced H.R. 1954, the ILSA Extension Act of 2001, which…”

“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 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.”