Senator Paul S. Sarbanes, Chairman of the Committee on Banking, Housing and Urban Affairs Committee, has announced that the Committee will hold a hearing on the Iran-Libya Sanctions Act, which expires in August. The Act imposes sanctions on foreign companies, which make investments "directly and significantly contributing to the enhancement of the ability of Iran or Libya to develop its petroleum resources."

The hearing will be held:

Scheduled to testify are:

• The Honorable Charles Schumer (D-NY), United States Senator;



• The Honorable Gordon Smith (R-OR), United States Senator;



• The Honorable E. Anthony Wayne, Assistant Secretary of State for Economic and Business Affairs;



• The Honorable James Larocco, Deputy Assistant Secretary of State for Near Eastern Affairs;



• Dr. Patrick Clawson, Director for Research, Washington Institute for Near East Policy;



• Mr. Bradley Gordon, Legislative Director, American Israel Public Affairs Committee;



• Mrs. Stephanie Bernstein, Justice for Pan Am 103;and



• Mr. William Reinsch, President, National Foreign Trade Council.