Page:United States Statutes at Large Volume 110 Part 2.djvu/749

 PUBLIC LAW 104-172—AUG. 5, 1996 110 STAT. 1541 Public Law 104-172 104th Congress 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 . _ ^ QQ_ 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 [H.R. 3107] resources, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, Iran and Libya Sanctions Act of SECTION 1. SHORT TITLE. 1996. This Act may be cited as the "Iran and Libya Sanctions Act note of 1996". SEC. 2. FINDINGS. 50 USC 1701 The Congress makes the following findings: (1) The efforts of the Government of Iran to acquire weapons of mass destruction and the means to deliver them and its support of acts of international terrorism endanger the national security and foreign policy interests of the United States and those countries with which the United States shares common strategic and foreign policy objectives. (2) The objective of preventing the proliferation of weapons of mass destruction and acts of international terrorism through existing multilateral and bilateral initiatives requires additional efforts to deny Iran the financial means to sustain its nuclear, chemical, biological, and missile weapons programs. (3) The Government of Iran uses its diplomatic facilities and quasi-governmental institutions outside of Iran to promote acts of international terrorism and assist its nuclear, chemical, biological, and missile weapons programs. (4) The failure of the Government of Libya to comply with Resolutions 731, 748, and 883 of the Security Council of the United Nations, its support of international terrorism, and its efforts to acquire weapons of mass destruction constitute a threat to international peace and security that endangers the national security and foreign policy interests of the United States and those countries with which it shares common strategic and foreign policy objectives. SEC. 3. DECLARATION OF POLICY. 50 USC 1701 (a) POLICY WITH RESPECT TO IRAN.— The Congress declares that it is the policy of the United States to deny Iran the ability to support acts of international terrorism and to fund the development and acquisition of weapons of mass destruction and the means to deliver them by limiting the development of Iran's ability to

�