Sec. 203. Modification of report on activities of foreign governments to disrupt global logistics networks and fundraising, financing, and money laundering activities of Hizballah
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Section 204(a)(1) of the Hizballah International Financing Prevention Act of 2015 ( Public Law 114–102 ; 50 U.S.C. 1701 note) is amended— in the matter preceding subparagraph (A), by striking this Act and inserting the ; Hizballah International Financing Prevention Amendments Act of 2017 , and annually thereafter for the following 5 years in subparagraph (D)(ii)(II), by striking and at the end; 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 by adding at the end the following: a list of provinces, municipalities, and local governments outside of Lebanon that expressly consent to, or with knowledge allow, tolerate, or disregard the use of their territory by Hizballah to carry out terrorist activities, including training, financing, and recruitment; a description of the total aggregate revenues and remittances that Hizballah receives from the global logistics networks of Hizballah, including— a list of Hizballah's sources of revenue, including sources of revenue based on illicit activity, revenues from Iran, charities, and other business activities; and a list of Hizballah's expenditures, including expenditures for ongoing military operations, social networks, and external operations; a survey of national and transnational legal measures available to target Hizballah's financial networks; 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; a review of Hizballah’s international operational capabilities, including in the United States; and a review of— the total number and value of Hizballah-related assets seized and forfeited; and the total number of indictments, prosecutions, and extraditions of Hizballah members or affiliates. .
Not later than 180 days after the date of the enactment of this Act, and not less frequently than annually thereafter for the following 2 years, the President shall submit to the appropriate congressional committees a report that contains— the estimated total net worth of each individual described in paragraph (2); a description of how funds of each individual described in paragraph
(2)were acquired, and how such funds have been used or employed; and a determination of whether each individual described in paragraph
(2)meets the criteria described in paragraph
(3)or
(4)of section 1263(a) of the National Defense Authorization Act for Fiscal Year 2017 ( Public Law 114–328 ; 22 U.S.C. 2656 note). The individuals described in this paragraph are the following: The Secretary General of Hizballah. Members of the Hizballah Politburo. Any other individual that the President determines is a senior foreign political figure of Hizballah, is associated with Hizballah, or otherwise provides significant support to Hizballah. The report required under paragraph
(1)shall be submitted in unclassified form but may include a classified annex. The unclassified portion of the report required under paragraph
(1)shall be made available to the public and posted on the website of the Department of State and all United States Embassy websites. In this subsection: The term appropriate congressional committees means— the Committee on Foreign Affairs, the Committee on Financial Services, the Committee on Appropriations, and the Permanent Select Committee on Intelligence of the House of Representatives; and 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. The term funds means— cash; equity; 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 anything else of value that the President determines to be appropriate. 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).
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Sec. 203
Modification of report on activities of foreign governments to disrupt global logistics networks and fundraising, financing, and money laundering activities of Hizballah
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