S.1595 - Hizballah International Financing Prevention Amendments Act of 2017115th Congress (2017-2018) |
|Sponsor:||Sen. Rubio, Marco [R-FL] (Introduced 07/20/2017)|
|Committees:||Senate - Banking, Housing, and Urban Affairs | House - Foreign Affairs; Judiciary; Financial Services|
|Latest Action:||Senate - 10/12/2018 Message on Senate action sent to the House. (All Actions)|
This bill has the status Resolving Differences
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- Resolving Differences
- To President
- Became Law
Summary: S.1595 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in Senate (07/20/2017)
Hizballah International Financing Prevention Amendments Act of 2017
This bill amends the Hizballah International Financing Prevention Act of 2015 to impose specified sanctions on: (1) foreign persons that knowingly assist in or provide support for fund raising or recruitment activities for Hizballah; (2) agencies of foreign governments that provide Hizballah with financial support, arms, or other assistance; and (3) Hizballah by reason of its narcotics trafficking and significant transnational criminal activities.
The bill prescribes reporting requirements or reporting modifications with respect to: (1) foreign persons that knowingly assist or provide significant financial, material, or technological support for foreign persons assisting Hizballah; (2) financial institutions that are owned or organized under the laws of state sponsors of terrorism; (3) Hizballah's racketeering activities; (4) combating illicit tobacco trafficking networks used by Hizballah and other foreign terrorist organizations to finance their operations; (5) the estimated net worth of senior Hizballah officials and how their funds were acquired and used; and (6) revenue from Hizbollah's global logistics networks and legal measures available to target such networks.