Text: S.1595 — 115th Congress (2017-2018)All Information (Except Text)

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Public Law No: 115-272 (10/25/2018)

 
[115th Congress Public Law 272]
[From the U.S. Government Publishing Office]



[[Page 4143]]

                   HIZBALLAH INTERNATIONAL FINANCING 
                    PREVENTION AMENDMENTS ACT OF 2018

[[Page 132 STAT. 4144]]

Public Law 115-272
115th Congress

                                 An Act


 
To amend the Hizballah International Financing Prevention Act of 2015 to 
  impose additional sanctions with respect to Hizballah, and for other 
             purposes. <<NOTE: Oct. 25, 2018 -  [S. 1595]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, <<NOTE: Hizballah 
International Financing Prevention Amendments Act of 2018.>> 
SECTION 1. <<NOTE: 50 USC 1701 note.>>  SHORT TITLE; TABLE OF 
                              CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Hizballah 
International Financing Prevention Amendments Act of 2018''.
    (b) Table of Contents.--The table of contents for this Act is as 
follows:

Sec. 1. Short title; table of contents.

 TITLE I--PREVENTION OF ACCESS BY HIZBALLAH TO INTERNATIONAL FINANCIAL 
                         AND OTHER INSTITUTIONS

Sec. 101. Mandatory sanctions with respect to fundraising and 
           recruitment activities for Hizballah.
Sec. 102. Modification of report with respect to financial institutions 
           that engage in certain transactions.
Sec. 103. Sanctions against certain agencies and instrumentalities of 
           foreign states.
Sec. 104. Diplomatic initiatives to prevent hostile activities by Iran 
           and disrupt and degrade Hizballah's illicit networks.

TITLE II--NARCOTICS TRAFFICKING AND TRANSNATIONAL CRIMINAL ACTIVITIES OF 
                                HIZBALLAH

Sec. 201. Imposition of sanctions with respect to affiliated networks of 
           Hizballah for transnational criminal activities.
Sec. 202. Report on racketeering activities engaged in by Hizballah.
Sec. 203. Modification of report on activities of foreign governments to 
           disrupt activities of Hizballah; reports on membership in 
           Hizballah.

                      TITLE III--GENERAL PROVISIONS

Sec. 301. Regulatory authority.
Sec. 302. Implementation; penalties; judicial review; exemptions; rule 
           of construction; exception relating to importation of goods.
Sec. 303. Report consolidation and modification.

 TITLE I--PREVENTION OF ACCESS BY HIZBALLAH TO INTERNATIONAL FINANCIAL 
                         AND OTHER INSTITUTIONS

SEC. 101. MANDATORY SANCTIONS WITH RESPECT TO FUNDRAISING AND 
                        RECRUITMENT ACTIVITIES FOR HIZBALLAH.

    (a) In General.--Section 101 of the Hizballah International 
Financing Prevention Act of 2015 (Public Law 114-102; 50 U.S.C. 1701 
note) is amended to read as follows:

[[Page 132 STAT. 4145]]

``SEC. 101. <<NOTE: President.>>  MANDATORY SANCTIONS WITH RESPECT 
                        TO FUNDRAISING AND RECRUITMENT ACTIVITIES 
                        FOR HIZBALLAH.

    ``(a) In General.-- <<NOTE: Effective date. Determinations.>> The 
President shall, on or after the date of the enactment of the Hizballah 
International Financing Prevention Amendments Act of 2018, impose the 
sanctions described in subsection (b) with respect to any foreign person 
that the President determines knowingly provides significant financial, 
material, or technological support for or to--
            ``(1) Bayt al-Mal, Jihad al-Bina, the Islamic Resistance 
        Support Association, the Foreign Relations Department of 
        Hizballah, the External Security Organization of Hizballah, or 
        any successor or affiliate thereof as designated by the 
        President;
            ``(2) al-Manar TV, al Nour Radio, or the Lebanese Media 
        Group, or any successor or affiliate thereof as designated by 
        the President;
            ``(3) a foreign person determined by the President to be 
        engaged in fundraising or recruitment activities for Hizballah; 
        or
            ``(4) a foreign person owned or controlled by a person 
        described in paragraph (1), (2), or (3).

    ``(b) Sanctions Described.--The sanctions described in this 
subsection are the following:
            ``(1) Asset blocking.--The exercise of all powers granted to 
        the President by the International Emergency Economic Powers Act 
        (50 U.S.C. 1701 et seq.) (except that the requirements of 
        section 202 of such Act (50 U.S.C. 1701) shall not apply) to the 
        extent necessary to block and prohibit all transactions in all 
        property and interests in property of a foreign person 
        determined by the President to be subject to subsection (a) if 
        such property and interests in property are in the United 
        States, come within the United States, or are or come within the 
        possession or control of a United States person.
            ``(2) <<NOTE: Determinations.>> Aliens ineligible for visas, 
        admission, or parole.--
                    ``(A) Visas, admission, or parole.--An alien who the 
                Secretary of State or the Secretary of Homeland Security 
                (or designee of one of such Secretaries) determines is 
                subject to subsection (a) is--
                          ``(i) inadmissible to the United States;
                          ``(ii) ineligible to receive a visa or other 
                      documentation to enter the United States; and
                          ``(iii) otherwise ineligible to be admitted or 
                      paroled into the United States or to receive any 
                      other benefit under the Immigration and 
                      Nationality Act (8 U.S.C. 1101 et seq.).
                    ``(B) Current visas revoked.--
                          ``(i) In general.--The Secretary of State or 
                      the Secretary of Homeland Security (or designee of 
                      one of such Secretaries) shall revoke any visa or 
                      other entry documentation issued to an alien who 
                      the President determines is subject to subsection 
                      (a), regardless of when issued.
                          ``(ii) Effect of revocation.--A revocation 
                      under clause (i) shall take effect immediately and 
                      shall automatically cancel any other valid visa or 
                      entry documentation that is in the possession of 
                      the alien.

    ``(c) Waiver. <<NOTE: Time periods.>> --

[[Page 132 STAT. 4146]]

            ``(1) In general.-- <<NOTE: Certification.>> The President 
        may, for periods not to exceed 180 days, waive the imposition of 
        sanctions under this section if the President certifies to the 
        appropriate congressional committees that such waiver is in the 
        national security interests of the United States.
            ``(2) Briefing.-- <<NOTE: Deadline.>> Not later than 30 days 
        after the issuance of a waiver under paragraph (1) with respect 
        to a foreign person, and every 180 days thereafter while the 
        waiver remains in effect, the President shall brief the 
        appropriate congressional committees on the status of the 
        involvement of the foreign person in activities described in 
        subsection (a).

    ``(d) Definitions.--In this section:
            ``(1) Admitted; alien.--The terms `admitted' and `alien' 
        have meanings given those terms in section 101 of the 
        Immigration and Nationality Act (8 U.S.C. 1101).
            ``(2) Appropriate congressional committees.--The term 
        `appropriate congressional committees' means--
                    ``(A) the Committee on Foreign Affairs, the 
                Committee on Ways and Means, the Committee on the 
                Judiciary, the Committee on Financial Services, and the 
                Permanent Select Committee on Intelligence of the House 
                of Representatives; and
                    ``(B) the Committee on Foreign Relations, the 
                Committee on Finance, the Committee on Banking, Housing, 
                and Urban Affairs, the Committee on the Judiciary, and 
                the Select Committee on Intelligence of the Senate.
            ``(3) Entity.--The term `entity' means a partnership, 
        association, corporation, or other organization, group, or 
        subgroup.
            ``(4) Foreign person.--The term `foreign person' means any 
        person that is not a United States person.
            ``(5) Hizballah.--The term `Hizballah' has the meaning given 
        such term in section 102(e).
            ``(6) Person.--The term `person' means an individual or 
        entity.
            ``(7) United states person.--The term `United States person' 
        means a United States citizen, an alien lawfully admitted for 
        permanent residence, an entity organized under the laws of the 
        United States (including foreign branches), or a person in the 
        United States.''.

    (b) Clerical Amendment.--The table of contents for the Hizballah 
International Financing Prevention Act of 2015 is amended by striking 
the item relating to section 101 and inserting the following new item:

``Sec. 101. Mandatory sanctions with respect to fundraising and 
           recruitment activities for Hizballah.''.

SEC. 102. MODIFICATION OF REPORT WITH RESPECT TO FINANCIAL 
                        INSTITUTIONS THAT ENGAGE IN CERTAIN 
                        TRANSACTIONS.

    Section 102(d) of the Hizballah International Financing Prevention 
Act of 2015 (Public Law 114-102; 50 U.S.C. 1701 note) is amended to read 
as follows:
    ``(d) Report on Financial Institutions Organized Under the Laws of 
State Sponsors of Terrorism.--
            ``(1) In general.-- <<NOTE: Time period. President.>> Not 
        later than 180 days after the date of the enactment of the 
        Hizballah International Financing

[[Page 132 STAT. 4147]]

        Prevention Amendments Act of 2018, and every 2 years thereafter 
        for a period not to exceed 4 years, the President shall submit 
        to the appropriate congressional committees a report that--
                    ``(A) identifies each foreign financial institution 
                described in paragraph (2) that the President determines 
                engages in one or more activities described in 
                subsection (a)(2); and
                    ``(B) provides a detailed description of each such 
                activity.
            ``(2) Foreign financial institution described.--
                    ``(A) In general.--A foreign financial institution 
                described in this paragraph is a foreign financial 
                institution--
                          ``(i) that, wherever located, is--
                                    ``(I) organized under the laws of a 
                                state sponsor of terrorism or any 
                                jurisdiction within a state sponsor of 
                                terrorism;
                                    ``(II) owned or controlled by the 
                                government of a state sponsor of 
                                terrorism;
                                    ``(III) located in the territory of 
                                a state sponsor of terrorism; or
                                    ``(IV) owned or controlled by a 
                                foreign financial institution described 
                                in subclause (I), (II), or (III); and
                          ``(ii) the capitalization of which exceeds 
                      $10,000,000.
                    ``(B) State sponsor of terrorism defined.--In this 
                paragraph, the term `state sponsor of terrorism' means a 
                country the government of which the Secretary of State 
                has determined is a government that has repeatedly 
                provided support for acts of international terrorism for 
                purposes of--
                          ``(i) section 1754(c) of the Export Control 
                      Reform Act of 2018;
                          ``(ii) section 620A of the Foreign Assistance 
                      Act of 1961 (22 U.S.C. 2371);
                          ``(iii) section 40 of the Arms Export Control 
                      Act (22 U.S.C. 2780); or
                          ``(iv) any other provision of law.''.
SEC. 103. SANCTIONS AGAINST CERTAIN AGENCIES AND INSTRUMENTALITIES 
                        OF FOREIGN STATES.

    (a) In General.--Title I of the Hizballah International Financing 
Prevention Act of 2015 (Public Law 114-102; 50 U.S.C. 1701 note) is 
amended by adding at the end the following:
``SEC. 103. SANCTIONS AGAINST CERTAIN AGENCIES AND 
                        INSTRUMENTALITIES OF FOREIGN STATES.

    ``(a) Sanctions. <<NOTE: President.>> --
            ``(1) In general.-- <<NOTE: Deadline.>> Not later than 180 
        days after the date of the enactment of the Hizballah 
        International Financing Prevention Amendments Act of 2018, and 
        as appropriate thereafter, the President shall impose the 
        sanctions described in paragraph (3) with respect to an agency 
        or instrumentality of a foreign state described in paragraph 
        (2).
            ``(2) Agency or instrumentality of a foreign state 
        described.-- <<NOTE: Determination. Effective date.>> An agency 
        or instrumentality of a foreign state

[[Page 132 STAT. 4148]]

        is described in this paragraph if the President determines that 
        the agency or instrumentality has, on or after the date of the 
        enactment of the Hizballah International Financing Prevention 
        Amendments Act of 2018, knowingly--
                    ``(A) conducted significant joint combat operations 
                with, or significantly supported combat operations of, 
                Hizballah; or
                    ``(B) provided significant financial support for or 
                to, or significant arms or related materiel to, 
                Hizballah.
            ``(3) Sanctions described.--The sanctions described in this 
        paragraph are the exercise of all powers granted to the 
        President by the International Emergency Economic Powers Act (50 
        U.S.C. 1701 et seq.) (except that the requirements of section 
        202 of such Act (50 U.S.C. 1701) shall not apply) to the extent 
        necessary to block and prohibit all transactions in all property 
        and interests in property of an agency or instrumentality of a 
        foreign state if such property and interests in property are in 
        the United States, come within the United States, or are or come 
        within the possession or control of a United States person.

    ``(b) <<NOTE: President. Time periods.>>  Waiver.--
            ``(1) In general.-- <<NOTE: Certification.>> The President 
        may, for periods not to exceed 180 days, waive the imposition of 
        sanctions under this section with respect to an agency or 
        instrumentality of a foreign state if the President certifies to 
        the appropriate congressional committees that such waiver is 
        vital to the national security interests of the United States.
            ``(2) Briefing.-- <<NOTE: Deadline.>> Not later than 30 days 
        after the issuance of a waiver under paragraph (1) with respect 
        to an agency or instrumentality of a foreign state, and every 
        180 days thereafter while the waiver remains in effect, the 
        President shall brief the appropriate congressional committees 
        on the status of the involvement of the agency or 
        instrumentality in activities described in subsection (a)(2).

    ``(c) <<NOTE: Certification.>>  Special Rule.--The President shall 
not be required to impose sanctions under this section with respect to 
an agency or instrumentality of a foreign state if the Secretary 
certifies in writing to the appropriate congressional committees that--
            ``(1) the agency or instrumentality--
                    ``(A) is no longer engaging in activities described 
                in subsection (a)(2); or
                    ``(B) has taken and is continuing to take 
                significant verifiable steps toward terminating such 
                activities; and
            ``(2) the President has received reliable assurances from 
        the government of the foreign state that the agency or 
        instrumentality will not engage in any activity described in 
        subsection (a)(2) in the future.

    ``(d) Definitions.--In this section:
            ``(1) Agency or instrumentality of a foreign state.--The 
        term `agency or instrumentality of a foreign state' has the 
        meaning given the term in section 1603(b) of title 28, United 
        States Code.
            ``(2) Appropriate congressional committees.--The term 
        `appropriate congressional committees' means--
                    ``(A) the Committee on Foreign Affairs, the 
                Committee on Financial Services, the Committee on Ways 
                and Means,

[[Page 132 STAT. 4149]]

                the Committee on the Judiciary, the Committee on 
                Appropriations, and the Permanent Select Committee on 
                Intelligence of the House of Representatives; and
                    ``(B) the Committee on Foreign Relations, the 
                Committee on Banking, Housing, and Urban Affairs, the 
                Committee on the Judiciary, Committee on Finance, 
                Committee on Appropriations, and the Select Committee on 
                Intelligence of the Senate.
            ``(3) Arms or related materiel.--The term `arms or related 
        materiel' means--
                    ``(A) nuclear, biological, chemical, or radiological 
                weapons or materials or components of such weapons;
                    ``(B) ballistic or cruise missile weapons or 
                materials or components of such weapons; and
                    ``(C) destabilizing numbers and types of advanced 
                conventional weapons.
            ``(4) Hizballah.--The term `Hizballah' has the meaning given 
        such term in section 102(e).
            ``(5) United states person.--The term `United States person' 
        has the meaning given such term in section 101(d).''.

    (b) Clerical Amendment.--The table of contents for the Hizballah 
International Financing Prevention Act of 2015 is amended by inserting 
after the item relating to section 102 the following new item:

``Sec. 103. Sanctions against certain agencies and instrumentalities of 
           foreign states.''.

SEC. 104. DIPLOMATIC INITIATIVES TO PREVENT HOSTILE ACTIVITIES BY 
                        IRAN AND DISRUPT AND DEGRADE HIZBALLAH'S 
                        ILLICIT NETWORKS.

    (a) Diplomatic Engagement.--Title I of the Hizballah International 
Financing Prevention Act of 2015 (Public Law 114-102; 129 Stat. 2206; 50 
U.S.C. 1701 note), as amended by section 103 of this Act, is further 
amended by adding at the end the following:
``SEC. 104. DIPLOMATIC INITIATIVES TO PREVENT HOSTILE ACTIVITIES 
                        BY IRAN AND DISRUPT AND DEGRADE 
                        HIZBALLAH'S ILLICIT NETWORKS.

    `` <<NOTE: Deadline. President. Consultation.>> Not later than 180 
days after the date of the enactment of the Hizballah International 
Financing Prevention Amendments Act of 2018, the President shall 
instruct the Secretary of State, in consultation with the Secretary of 
the Treasury, to increase cooperation with foreign governments to assist 
in strengthening the capacity of such governments to prevent hostile 
activity by Iran and disrupt and degrade Hizballah's illicit activities, 
including diplomatic engagement that involves--
            ``(1) efforts to target and expose illicit finance networks, 
        arrest perpetrators, freeze assets, and address Iran and 
        Hizballah's use of illicit financial networks using 
        international trade and banking systems;
            ``(2) efforts to assist willing governments with the 
        development of counter-organized crime legislation, the 
        strengthening of financial investigative capacity, and a fully-
        vetted counter-organized crime judicial model in jurisdictions 
        plagued with corruption; and
            ``(3) efforts to persuade governments to list Hizballah as a 
        terrorist organization.''.

[[Page 132 STAT. 4150]]

    (b) Clerical Amendment.--The table of contents for the Hizballah 
International Financing Prevention Act of 2015 is amended by inserting 
after the item related to section 103, as added by section 103(b) of 
this Act, the following new item:

``Sec. 104. Diplomatic initiatives to prevent hostile activities by Iran 
           and disrupt and degrade Hizballah's illicit networks.''.

TITLE II--NARCOTICS TRAFFICKING AND TRANSNATIONAL CRIMINAL ACTIVITIES OF 
                                HIZBALLAH

SEC. 201. IMPOSITION OF SANCTIONS WITH RESPECT TO AFFILIATED 
                        NETWORKS OF HIZBALLAH FOR TRANSNATIONAL 
                        CRIMINAL ACTIVITIES.

    (a) <<NOTE: 50 USC 1701 note.>> Statement of Policy.--It is the 
policy of the United States to determine if individuals and entities 
that are designated by the United States Government on or after the date 
of the enactment of this Act as being associated with Hizballah are 
engaged in transnational organized crime or related activities on or 
after such date of enactment.

    (b) In General.--Section 201 of the Hizballah International 
Financing Prevention Act of 2015 (Public Law 114-102; 50 U.S.C. 1701 
note) is amended to read as follows:
``SEC. 201. IMPOSITION OF SANCTIONS WITH RESPECT TO AFFILIATED 
                        NETWORKS OF HIZBALLAH FOR TRANSNATIONAL 
                        CRIMINAL ACTIVITIES.

    ``(a) <<NOTE: President. Effective date.>> In General.--The 
President shall, on or after the date of the enactment of the Hizballah 
International Financing Prevention Amendments Act of 2018, impose the 
sanctions described in subsection (b) with respect to affiliated 
networks of Hizballah, including, as appropriate, by reason of 
significant transnational criminal activities engaged in by such 
networks.

    ``(b) Sanctions Described.--The sanctions described in this 
subsection are sanctions applicable with respect to Hizballah pursuant 
to any provision of law, including Executive Order 13581 (50 U.S.C. 1701 
note; relating to blocking property of transnational criminal 
organizations) (as such Executive Order was in effect on the day before 
the date of the enactment of the Hizballah International Financing 
Prevention Amendments Act of 2018).
    ``(c) Waiver.-- <<NOTE: President. Time period. Certification.>> The 
President may, for periods not to exceed 180 days, waive the imposition 
of sanctions under this section if the President certifies to the 
appropriate congressional committees that such waiver is in the national 
security interests of the United States.

    ``(d) Definitions.--In this section:
            ``(1) Appropriate congressional committees.--The term 
        `appropriate congressional committees' means--
                    ``(A) the Committee on Foreign Affairs, the 
                Committee on Ways and Means, the Committee on 
                Appropriations, the Committee on Financial Services, and 
                the Permanent Select Committee on Intelligence of the 
                House of Representatives; and

[[Page 132 STAT. 4151]]

                    ``(B) the Committee on Foreign Relations, the 
                Committee on Banking, Housing, and Urban Affairs, the 
                Committee on Appropriations, and the Select Committee on 
                Intelligence of the Senate.
            ``(2) Hizballah.--The term `Hizballah' has the meaning given 
        such term in section 102(e).''.

    (c) Conforming Amendment.--The title heading for title II of 
the <<NOTE: 50 USC 1701 note.>> Hizballah International Financing 
Prevention Act of 2015 is amended to read as follows:

``TITLE II--SANCTIONS AND REPORTS RELATING TO NARCOTICS TRAFFICKING AND 
      SIGNIFICANT TRANSNATIONAL CRIMINAL ACTIVITIES OF HIZBALLAH''.

    (d) Clerical Amendments.--The table of contents for the Hizballah 
International Financing Prevention Act of 2015 is amended--
            (1) by striking the item relating to title II and inserting 
        the following:

``TITLE II--SANCTIONS AND REPORTS RELATING TO NARCOTICS TRAFFICKING AND 
    SIGNIFICANT TRANSNATIONAL CRIMINAL ACTIVITIES OF HIZBALLAH''; and

            (2) by striking the item relating to section 201 and 
        inserting the following:

``Sec. 201. Imposition of sanctions with respect to affiliated networks 
           of Hizballah for transnational criminal activities.''.

SEC. 202. REPORT ON RACKETEERING ACTIVITIES ENGAGED IN BY 
                        HIZBALLAH.

    (a) In General.--Section 202 of the Hizballah International 
Financing Prevention Act of 2015 (Public Law 114-102; 50 U.S.C. 1701 
note) is amended to read as follows:
``SEC. 202. REPORT ON RACKETEERING ACTIVITIES ENGAGED IN BY 
                        HIZBALLAH.

    ``(a) <<NOTE: President.>> In General.--Not later than 180 days 
after the date of the enactment of the Hizballah International Financing 
Prevention Amendments Act of 2018, the President shall submit to the 
appropriate congressional committees a report on information regarding 
activities that Hizballah, and agents and affiliates of Hizballah, have 
engaged in that are racketeering activities, including any patterns 
regarding such racketeering activities.

    ``(b) Form of Report.--Each report required under subsection (a) 
shall be submitted in an unclassified form but may contain a classified 
annex.
    ``(c) Definitions.--In this section:
            ``(1) Appropriate congressional committees.--The term 
        `appropriate congressional committees' means--
                    ``(A) the Committee on the Judiciary, the Committee 
                on Foreign Affairs, the Committee on Financial Services, 
                and the Committee on Appropriations of the House of 
                Representatives; and

[[Page 132 STAT. 4152]]

                    ``(B) the Committee on the Judiciary, the Committee 
                on Foreign Relations, the Committee on Banking, Housing, 
                and Urban Affairs, and the Committee on Appropriations 
                of the Senate.
            ``(2) Hizballah.--The term `Hizballah' has the meaning given 
        such term in section 102(e).
            ``(3) Racketeering activity.--The term `racketeering 
        activity' means any activity that would be considered a 
        racketeering activity (as defined in section 1961(1) of title 
        18, United States Code) if the activity were engaged in the 
        United States or by a United States person.
            ``(4) United states person.--The term `United States person' 
        has the meaning given such term in section 101(d).''.

    (b) Clerical Amendment.--The table of contents for the Hizballah 
International Financing Prevention Act of 2015 is amended by striking 
the item relating to section 202 and inserting the following:

``Sec. 202. Report on racketeering activities engaged in by 
           Hizballah.''.

SEC. 203. MODIFICATION OF REPORT ON ACTIVITIES OF FOREIGN 
                        GOVERNMENTS TO DISRUPT ACTIVITIES OF 
                        HIZBALLAH; REPORTS ON MEMBERSHIP IN 
                        HIZBALLAH.

    (a) In General.--Section 204 of the Hizballah International 
Financing Prevention Act of 2015 (Public Law 114-102; 50 U.S.C. 1701 
note) is amended--
            (1) in subsection (a)(1)--
                    (A) in the matter preceding subparagraph (A), by 
                striking ``this Act'' and inserting ``the Hizballah 
                International Financing Prevention Amendments Act of 
                2018, and once every 2 years thereafter for the 
                following 4 years'';
                    (B) in subparagraph (D)(ii)(II), by striking ``and'' 
                at the end;
                    (C) in subparagraph (E), by striking ``and free-
                trade zones.'' and inserting ``free-trade zones, 
                business partnerships and joint ventures, and other 
                investments in small and medium-sized enterprises;''; 
                and
                    (D) <<NOTE: Lists. Reviews.>>  by adding at the end 
                the following:
                    ``(F) a list of jurisdictions outside of Lebanon 
                that expressly consent to, or with knowledge allow, the 
                use of their territory by Hizballah to carry out 
                terrorist activities, including training, financing, and 
                recruitment;
                    ``(G) a description of the total aggregate revenues 
                and remittances that Hizballah receives from the global 
                logistics networks of Hizballah;
                    ``(H) <<NOTE: Iran.>>  a list of Hizballah's sources 
                of revenue, including sources of revenue based on 
                illicit activity, revenues from Iran, charities, and 
                other business activities;
                    ``(I) a list of Hizballah's expenditures, including 
                expenditures for ongoing military operations, social 
                networks, and external operations;
                    ``(J) a description of steps to be taken by Federal 
                agencies to combat the illicit tobacco trafficking 
                networks used by Hizballah;
                    ``(K) <<NOTE: Assessment. Lebanon. Syria.>>  an 
                assessment of Hizballah's financial operations in areas 
                under its operational or political control in Lebanon 
                and Syria and available measures to target Hizballah's 
                financial operations in those areas;

[[Page 132 STAT. 4153]]

                    ``(L) a review of Hizballah's international 
                operational capabilities, including in the United 
                States;
                    ``(M) a review of--
                          ``(i) the total number and value of Hizballah-
                      related assets seized and forfeited; and
                          ``(ii) the total number of indictments, 
                      prosecutions, and extraditions of Hizballah 
                      members or affiliates; and
                    ``(N) <<NOTE: Iran. Coordination.>>  a review of 
                efforts by the United States to prevent hostile 
                activities by Iran and disrupt and degrade Hizballah's 
                illicit networks in the Western Hemisphere, including 
                interagency coordination to ensure that information-
                sharing, interdictions, arrests, investigations, 
                indictments, sanctions, and designations related to 
                Hizballah individuals or networks in the Western 
                Hemisphere are integrated, coordinated, and publicly 
                communicated by the United States in a manner that 
                supports United States interests.'';
            (2) by redesignating subsections (b) and (c) as subsections 
        (c) and (d), respectively;
            (3) by inserting after subsection (a) the following:

    ``(b) <<NOTE: President.>>  Enhanced Due Diligence.--
            ``(1) In general.--The President is authorized to require 
        each financial institution in the United States that knowingly 
        maintains a correspondent account or a payable-through account 
        in the United States for a foreign financial institution 
        described in paragraph (2) to establish enhanced due diligence 
        policies, procedures, and controls in accordance with section 
        5318(i)(2)(B) of title 31, United States Code, and regulations 
        to implement such section with respect to such accounts.
            ``(2) Foreign financial institution described.-- 
        <<NOTE: Determination.>> A foreign financial institution 
        described in this paragraph is a foreign financial institution 
        that the President determines provides significant financial 
        services to persons operating in a jurisdiction identified in 
        unclassified form in the list required under subsection 
        (a)(1)(F).
            ``(3) Definitions.--In this subsection, the terms 
        `correspondent account' and `payable-through account' have the 
        meanings given those terms in section 5318A of title 31, United 
        States Code.''; and
            (4) in subsection (c), as redesignated by paragraph (2)--
                    (A) by striking ``this Act, and every 180 days 
                thereafter,'' and inserting ``the Hizballah 
                International Financing Prevention Amendments Act of 
                2018, and every 180 days thereafter for the following 4 
                years,''; and
                    (B) by adding before the period at the end the 
                following: ``and on any requirements for enhanced due 
                diligence prescribed under subsection (b)''.

    (b) Report on Estimated Net Worth of Senior Hizballah Members.--
            (1) <<NOTE: President.>> In general.--Not later than 180 
        days after the date of the enactment of this Act, the President 
        shall submit to the appropriate congressional committees a 
        report that contains--
                    (A) <<NOTE: Estimates.>>  the estimated total net 
                worth of each individual described in paragraph (2); and

[[Page 132 STAT. 4154]]

                    (B) to the extent feasible, a description of how 
                funds of each individual described in paragraph (2) were 
                acquired, and how such funds have been used or employed.
            (2) Individuals described.-- 
        <<NOTE: President. Determinations.>> The individuals described 
        in this paragraph are the following:
                    (A) The Secretary General of Hizballah.
                    (B) Members of Hizballah's senior leadership or 
                senior associates of Hizballah that the President 
                determines materially assist or support Hizballah.
                    (C) Any other individual that the President 
                determines is a senior foreign political figure of 
                Hizballah.
            (3) Form of report; public availability.--
                    (A) Form.--The report required under paragraph (1) 
                shall be submitted in unclassified form but may contain 
                a classified annex.
                    (B) Public availability.--The unclassified portion 
                of the report required under paragraph (1) shall be made 
                available to the public in precompressed, easily 
                downloadable versions that are made available in all 
                appropriate formats.
            (4) Definitions.--In this subsection:
                    (A) Appropriate congressional committees.--The term 
                ``appropriate congressional committees'' means--
                          (i) the Committee on Foreign Affairs, the 
                      Committee on Financial Services, and the Permanent 
                      Select Committee on Intelligence of the House of 
                      Representatives; and
                          (ii) the Committee on Foreign Relations, the 
                      Committee on Banking, Housing, and Urban Affairs, 
                      and the Select Committee on Intelligence of the 
                      Senate.
                    (B) Funds.--The term ``funds'' means--
                          (i) cash;
                          (ii) equity;
                          (iii) any other intangible asset the value of 
                      which is derived from a contractual claim, 
                      including bank deposits, bonds, stocks, a security 
                      (as defined in section 2(a) of the Securities Act 
                      of 1933 (15 U.S.C. 77b(a))), or a security or an 
                      equity security (as those terms are defined in 
                      section 3(a) of the Securities Exchange Act of 
                      1934 (15 U.S.C. 78c(a))); and
                          (iv) anything else of value that the Secretary 
                      of the Treasury determines to be appropriate.
                    (C) Senior foreign political figure.--The term 
                ``senior foreign political figure'' has the meaning 
                given that term in section 1010.605 of title 31, Code of 
                Federal Regulations (or any successor regulation).

    (c) Report on Individuals Who Are Members of the Lebanese Parliament 
and Who Identify as Members of Hizballah.--
            (1) In general.-- <<NOTE: President.>> Not later than 180 
        days after the date of the enactment of this Act, the President 
        shall transmit to the appropriate congressional committees a 
        report that contains the following:
                    (A) <<NOTE: Lists.>>  A list of individuals who are 
                members of the Lebanese Parliament and who identify as 
                members of Hizballah.
                    (B) A description of any significant conduct of 
                individuals on the list required under subparagraph (A) 
                that the President determines may be grounds for 
                designation

[[Page 132 STAT. 4155]]

                pursuant to Executive Order 13224 (50 U.S.C. 1701 note; 
                relating to blocking property and prohibiting 
                transactions with persons who commit, threaten to 
                commit, or support terrorism).
            (2) Form.--The report required under paragraph (1) shall be 
        transmitted in unclassified form, but may include a classified 
        annex.
            (3) Appropriate congressional committees defined.--In this 
        subsection, the term ``appropriate congressional committees'' 
        means--
                    (A) the Committee on Foreign Affairs, the Committee 
                on Financial Services, and the Permanent Select 
                Committee on Intelligence of the House of 
                Representatives; and
                    (B) the Committee on Foreign Relations, the 
                Committee on Banking, Housing, and Urban Affairs, and 
                the Select Committee on Intelligence of the Senate.

                      TITLE III--GENERAL PROVISIONS

SEC. 301. <<NOTE: President. Deadlines.>>  REGULATORY AUTHORITY.

    (a) In General.-- <<NOTE: 50 USC 1701 note.>> The President shall, 
not later than 180 days after the date of the enactment of this Act, 
prescribe regulations as necessary for the implementation of this Act 
and the amendments made by this Act.

    (b) Notification to Congress.--Not later than 10 days before the 
prescription of regulations under subsection (a), the President shall 
notify the appropriate congressional committees regarding the proposed 
regulations and the provisions of this Act and the amendments made by 
this Act that the regulations are implementing.
    (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--
            (1) the Committee on Foreign Affairs and the Committee on 
        Financial Services of the House of Representatives; and
            (2) the Committee on Foreign Relations and the Committee on 
        Banking, Housing, and Urban Affairs of the Senate.
SEC. 302. IMPLEMENTATION; PENALTIES; JUDICIAL REVIEW; EXEMPTIONS; 
                        RULE OF CONSTRUCTION; EXCEPTION RELATING 
                        TO IMPORTATION OF GOODS.

    (a) In General.--Title I of the Hizballah International Financing 
Prevention Act of 2015 (Public Law 114-102; 50 U.S.C. 1701 note), as 
amended by sections 103 and 104 of this Act, is further amended by 
adding at the end the following:
``SEC. 105. IMPLEMENTATION; PENALTIES; JUDICIAL REVIEW; 
                        EXEMPTIONS; RULE OF CONSTRUCTION.

    ``(a) Implementation.--The President may exercise all authorities 
provided under sections 203 and 205 of the International Emergency 
Economic Powers Act (50 U.S.C. 1702 and 1704) to carry out sections 101, 
102, 103, and 201 of this Act.
    ``(b) Penalties.-- <<NOTE: Applicability.>> The penalties provided 
for in subsections (b) and (c) of section 206 of the International 
Emergency Economic Powers Act (50 U.S.C. 1705) shall apply to a person 
that violates, attempts to violate, conspires to violate, or causes a 
violation of

[[Page 132 STAT. 4156]]

regulations prescribed to carry out section 101, 102, 103, or 201 of 
this Act to the same extent that such penalties apply to a person that 
commits an unlawful act described in subsection (a) of such section 206.

    ``(c) Procedures for Judicial Review of Classified Information.--
            ``(1) In general.--If a finding under section 101, 102, 103, 
        or 201 of this Act, or a prohibition, condition, or penalty 
        imposed as a result of any such finding, is based on classified 
        information (as defined in section 1(a) of the Classified 
        Information Procedures Act (18 U.S.C. App.)) and a court reviews 
        the finding or the imposition of the prohibition, condition, or 
        penalty, the President may submit such information to the court 
        ex parte and in camera.
            ``(2) Rule of construction.--Nothing in this subsection 
        shall be construed to confer or imply any right to judicial 
        review of any finding under section 101, 102, 103, or 201 of 
        this Act, or any prohibition, condition, or penalty imposed as a 
        result of any such finding.

    ``(d) Exemptions.--The following activities shall be exempt from 
sections 101, 102, 103, and 201 of this Act:
            ``(1) Any authorized intelligence, law enforcement, or 
        national security activities of the United States.
            ``(2) Any transaction necessary to comply with United States 
        obligations under the Agreement between the United Nations and 
        the United States of America regarding the Headquarters of the 
        United States, signed at Lake Success June 26, 1947, and entered 
        into force November 21, 1947, or the Convention on Consular 
        Relations, done at Vienna April 24, 1963, and entered into force 
        March 19, 1967, or any other United States international 
        agreement.

    ``(e) Rule of Construction.--Nothing in section 101, 102, 103, or 
201 of this Act shall be construed to limit the authority of the 
President under the International Emergency Economic Powers Act (50 
U.S.C. 1701 et seq.) or under any other provision of law.
    ``(f) Exception Relating to Importation of Goods.--
            ``(1) In general.--The authorities and requirements to 
        impose sanctions under this Act shall not include the authority 
        or requirement to impose sanctions on the importation of goods.
            ``(2) Definition.--In this subsection, the term `good' means 
        any article, natural or manmade substance, material, supply or 
        manufactured product, including inspection and test equipment, 
        and excluding technical data.''.

    (b) Clerical Amendment.--The table of contents for the Hizballah 
International Financing Prevention Act of 2015, as amended by this Act, 
is further amended by inserting after the item relating to section 104, 
as added by section 104(b) of this Act, the following new item:

``Sec. 105. Implementation; penalties; judicial review; exemptions; rule 
           of construction.''.

    (c) Conforming Amendments.--Section 102 of the Hizballah 
International Financing Prevention Act of 2015 (Public Law 114-102; 50 
U.S.C. 1701 note) is amended--
            (1) in subsection (a), by striking paragraphs (3) and (4);
            (2) by striking subsection (e); and

[[Page 132 STAT. 4157]]

            (3) by redesignating subsection (f) as subsection (e).
SEC. 303. REPORT CONSOLIDATION AND MODIFICATION.

    (a) In General.--Any and all reports required to be submitted to 
Congress under this Act or the Hizballah International Financing 
Prevention Act of 2015 (Public Law 114-102; 50 U.S.C. 1701 note) that 
are subject to a deadline for submission consisting of the same unit of 
time may be consolidated into a single report that is submitted to 
Congress pursuant to such deadline.
    (b) Matters to Be Included.--Any report that is consolidated into a 
single report as described in subsection (a) shall contain all 
information required under this Act or the Hizballah International 
Financing Prevention Act of 2015 in addition to all other elements 
required by previous law.
    (c) Reports Modification.--The North Korea Sanctions and Policy 
Enhancement Act of 2016 is amended as follows:
            (1) In section 209(a)(3)(A) (22 U.S.C. 9229(a)(3)(A)), by 
        striking ``not later than 90 days after the date of the 
        enactment of this Act, and every 180 days thereafter'' and 
        inserting ``not later than 90 days after the date of the 
        enactment of the Hizballah International Financing Prevention 
        Amendments Act of 2018, and every 180 days thereafter for 5 
        years''.
            (2) In section 302(a) (22 U.S.C. 9241(a)), by striking ``Not 
        later than 180 days after the date of the enactment of this 
        Act'' and inserting ``Not later than 120 days after the date of 
        the enactment of the Hizballah International Financing 
        Prevention Amendments Act of 2018, and periodically 
        thereafter''.

    Approved October 25, 2018.

LEGISLATIVE HISTORY--S. 1595 (H.R. 3329):
---------------------------------------------------------------------------

HOUSE REPORTS: No. 115-366, Pt. 1 (Comm. on Foreign Affairs) 
accompanying H.R. 3329.
CONGRESSIONAL RECORD:
                                                        Vol. 163 (2017):
                                    Oct. 5, considered and passed 
                                        Senate.
                                                        Vol. 164 (2018):
                                    Sept. 25, considered and passed 
                                        House, amended.
                                    Oct. 11, Senate concurred in House 
                                        amendment.
DAILY COMPILATION OF PRESIDENTIAL DOCUMENTS (2018):
            Oct. 25, Presidential statement.

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