Sec. 203. Modification of report on activities of foreign governments to disrupt activities of Hizballah; reports on membership in Hizballah
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Section 204 of the Hizballah International Financing Prevention Act of 2015 ( Public Law 114–102 ; 50 U.S.C. 1701 note) is amended— in subsection (a)(1)— 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 ; 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 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; a description of the total aggregate revenues and remittances that Hizballah receives from the global logistics networks of Hizballah; a list of Hizballah’s sources of revenue, including sources of revenue based on illicit activity, revenues from Iran, charities, and other business activities; a list of Hizballah’s expenditures, including expenditures for ongoing military operations, social networks, and external operations; a description of steps to be taken by Federal agencies to combat the illicit tobacco trafficking networks used by Hizballah; 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; 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; and 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. ; by redesignating subsections
(b)and
(c)as subsections
(c)and (d), respectively; by inserting after subsection
(a)the following: 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. 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). 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 in subsection (c), as redesignated by paragraph (2)— 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 by adding before the period at the end the following: and on any requirements for enhanced due diligence prescribed under subsection
(b). 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— the estimated total net worth of each individual described in paragraph (2); and 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. The individuals described in this paragraph are the following: The Secretary General of Hizballah. Members of Hizballah’s senior leadership or senior associates of Hizballah that the President determines materially assist or support Hizballah. Any other individual that the President determines is a senior foreign political figure of Hizballah. The report required under paragraph
(1)shall be submitted in unclassified form but may contain a classified annex. 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. In this subsection: The term appropriate congressional committees means— the Committee on Foreign Affairs, the Committee on Financial Services, 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, 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 Secretary of the Treasury 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). 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 list of individuals who are members of the Lebanese Parliament and who identify as members of Hizballah. A description of any significant conduct of individuals on the list required under subparagraph
(A)that the President determines may be grounds for designation 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). The report required under paragraph
(1)shall be transmitted in unclassified form, but may include a classified annex. In this subsection, the term appropriate congressional committees means— the Committee on Foreign Affairs, the Committee on Financial Services, 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, and the Select Committee on Intelligence of the Senate.
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Sec. 203
Modification of report on activities of foreign governments to disrupt activities of Hizballah; reports on membership in Hizballah
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