CO 60 O 35 O 33 ED U S Department of State Case No F-2014-15825 l l-- _r vh nu I Doc No C06003503 Date 01 03 2017 Ul--I-- 5 509613071 FAXED TO SECRETARY MIMI Huh-s wiring NIL July l - un'lmvn' I I 'l lv I 3053 26 1996 Mb wt WFORMAUONMEMORANDUM minim DECL ' Sis 07 26 2001 TO The Secretary FROM EB SUBJECT Iran - Alan P and Larson Libya Acting'i 1 Sanctions Act of 1996 SHMMARX The 23 by will the House passed unanimous sign EU it The studying conflict with Congress to the a 0 5 trade are a mapping to and to avoid Sanctions has statute hearings next early allies just damaging to A $40 in detailed or 12--month after on summary In one in period in Both existing exporting prescribed If the triggered Ahmad we the expect Act with year to other areas We the of SeniorI by to the following 0 Prohibit 0 Deny fall to only new will sanctions determines above Bank on a not President UNSC sanctions export which he that to and $20 investing gas sectors million sanctions investment trigger to impose and sanctions impose sanctioned the entities implement goods must implications that oil drops affect the or Libyan trigger particular described ExIm or Libya certain President as Iranian Iran and requires persons agreements require provisions law against countries will persons new provisions implementing also Act's the the The law the the sanctions more year Iran of general impose million a Sharon with could ReWewer attached President AUTHORITY he allies prior iw July that obligations of consult on Act implementation reactions REVIEW is our The cooperation QISCU SLQH Act indicated antagonized investment our oversight strategy signing has blocking closely committee Libya President already possible monitor and The Bill appropriate Bill's Iran consent firm sanctions sanctions have at on services been least within 90 two of days assistance licenses 1 UNCLASSIFIED US Department of State Case No F-2014-15825 Doc No C06003503 Date 01 03 2017 CO 6 O O 3 50 3-'IED US Department of State Case No F-2014-15825 Doc No C06003503 Date 01 03 2017 CQNFIDENIIAL -2- 0 0 Ban u s $10 million year financial to Ban a institution sanctioned dealer of 0 Prohibit 0 Ban against would violations the a from from of by President countries and opportunities to delay the The a specific individual the national interest he determines of countries this that is in agree to President to activities take may substantive of be raised sanctions halt sanctions on may loan imposition some multilateral dispute Concerns objectionable of or international seeks primary funds bilateral import President a USG the applicable provides the than or certain formal be more as of firm possible procurement while serving the selected which may lending firm repository nationals for legislation sanctions as present mechanisms government The of or products imposed settlement over of from sanctioned procurement sanctions treaty a debt USG imports If these USG institutions waive imposition the or or entity on measures if nationals against Iran Investment--related investments the under legislation continue an Our important already r on allies is and triggered at after preenactment existing implications Iran an The particularly for only agreements agreements how for enactment we deal of may will with be firms Libya investment our is But our Supplies particularly to 3 this Commission may to to very Act strong Germany will passage of in the and strongly U S of hostility Italy argue application Total's law the from the UK that the and a is investment development proceeding have that in petroleum of Iran's the sirri cautiously substantial amount provision of in field any interests their oil will in case Libya imports Italy have new not law amend a Helms-Burton to approval are indicated we proposed include issues yet but European ministers sovereignty were significant prevent for Libya Foreign partners for officials designed France trigger investors European respond Helms-Burton partners allies limited European EU trading the provoking boycott and which of is extraterritorial anger sector heels already that secondary most the Act expect law in of are Coming key with also arrived under interpretation issue sanctions agreements Investment operating Iran-Libya We new by this the formally understand blocking firms from Act end how the statute complying This of that July proposal if UK they will European originally with may go to EU concerns over resolved CQHEIDENIIAL UNCLASSIFIED US Department of State Case No F-2014-15825 Doc No C06003503 Date 01 03 2017 C O 6 O O 3 S Q 33 ED US Department of State Case No F--2014 15825 Doc No C06003503 Date 01 03 2017 CQNEIDEIELEILIAL We our have allies begun on determination behavior to the Act The dealings with so if we to while accomplish can to this develop issue press at Iran expressing this Bill Iran We has weather our had a we the strategy and also and a high proactively We will Libya to stop desire to work are formulating chilling expect storm to levels of that effect it their with plans on will European engage emphasize our unacceptable our to allies implement European continue to do reaction Attachmsmt Iran Libya UNCLASSIFIED US Sanctions Department of State Case Act No Summary F-2014-15825 DOC NO C06003503 Date 01 03 2017 This document is from the holdings of The National Security Archive Suite 701 Gelman Library The George Washington University 2130 H Street NW Washington D C 20037 Phone 202 994-7000 Fax 202 994-7005 nsarchiv@gwu edu