Hizballah International Financing Prevention Act of 2015
Latest action · Jun 18, 2015 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 18, 2015
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Hizballah International Financing Prevention Act of 2015
Directs the President to report to Congress annually identifying: (1) satellite, broadcast, Internet, or other providers that have knowingly entered into a contractual relationship with al-Manar TV and its affiliates; and (2) the identity of those providers that have or have not been sanctioned pursuant to Executive Order 13224.
Directs the President to prohibit or impose strict conditions on the opening or maintaining in the United States of a correspondent account or a payable-through account by a foreign financial institution that knowingly:
- facilitates a transaction or transactions for Hizballah, or for a person acting on behalf of, or owned or controlled by Hizballah;
- engages in money laundering to carry out such an activity; or
- facilitates a significant transaction or provides significant financial services to carry out such an activity.
Applies specified penalties under the International Emergency Economic Powers Act for violations of this Act.
Authorizes the President to waive the application of a prohibition for up to 180 days (with renewable 180-day waivers) if in U.S. national security interests, and with congressional notification.
Requires the Department of the Treasury to identify to Congress every 180 days each foreign central bank that carries out a prohibited activity.
Exempts from sanctions a foreign financial institution that is no longer engaging in a prohibited activity or is taking significant steps toward terminating such activity.
Directs the President to report to Congress on whether Hizballah meets the criteria for designation as a significant foreign narcotics trafficker, and if the President determines that Hizballah does not meet such criteria, a detailed justification as to which criteria have not been met.
Expresses the sense of Congress that: (1) Hizballah appears to meet the criteria for designation as a significant transnational criminal organization, and (2) the President should designate Hizballah as a significant transnational criminal organization.
Directs the President to report to Congress on whether Hizballah meets the criteria for designation as a significant transnational criminal organization, and if the President determines that Hizballah does not meet such criteria, a detailed justification as to which criteria have not been met.
Directs the Department of State to report to Congress regarding actions taken through the Department's rewards program to obtain information on Hizballah's fund raising, financing, and money laundering activities.
Directs the President to report to Congress regarding:
- countries that support Hizballah, in which Hizballah maintains important portions of its global logistics networks, or in which Hizballah conducts significant fund raising, financing, or money laundering activities;
- an assessment of whether a country is taking adequate measures to disrupt Hizballah's networks and activities within that country; and
- methods that Hizballah, or any of its agents or affiliates, utilizes to raise or transfer funds, including trade-based money laundering, the use of foreign exchange houses, and free-trade zones.
Directs the Department of State, Treasury, and the heads of other applicable federal departments and agencies to brief Congress on the disposition of Hizballah's assets and fund raising, financing, and money laundering activities.
Declares that nothing in this Act shall apply to authorized U.S. intelligence activities.
Cosponsors 27
Members who signed on, in the order they did. Signatures ran from Jun 18, 2015 to Oct 28, 2015; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NH | Jeanne Shaheen | Original | Jun 18, 2015 |
| R-NH | Kelly Ayotte | Jun 23, 2015 | |
| R-ID | Mike Crapo | Jun 23, 2015 | |
| D-CT | Richard Blumenthal | Jun 23, 2015 | |
| D-MN | Amy Klobuchar | Jul 7, 2015 | |
| D-MA | Edward J. Markey | Jul 7, 2015 | |
| D-MI | Gary C. Peters | Jul 7, 2015 | |
| R-AZ | John McCain | Jul 7, 2015 | |
| R-SD | Mike Rounds | Jul 7, 2015 | |
| R-KS | Pat Roberts | Jul 7, 2015 | |
| R-PA | Patrick J. Toomey | Jul 7, 2015 | |
| R-OH | Rob Portman | Jul 7, 2015 | |
| D-OR | Ron Wyden | Jul 7, 2015 | |
| R-ME | Susan M. Collins | Jul 7, 2015 | |
| R-KS | Jerry Moran | Jul 14, 2015 | |
| R-SC | Lindsey Graham | Jul 14, 2015 | |
| R-TX | Ted Cruz | Jul 14, 2015 | |
| R-AR | John Boozman | Jul 15, 2015 | |
| R-UT | Orrin G. Hatch | Jul 15, 2015 | |
| R-OK | James Lankford | Jul 30, 2015 | |
| R-GA | Johnny Isakson | Aug 4, 2015 | |
| R-SD | John Thune | Sep 10, 2015 | |
| R-IL | Mark Kirk | Sep 15, 2015 | |
| D-NY | Kirsten E. Gillibrand | Oct 8, 2015 | |
| D-CO | Michael F. Bennet | Oct 22, 2015 | |
| R-NV | Dean Heller | Oct 28, 2015 | |
| D-IN | Joe Donnelly | Oct 28, 2015 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Jun 18, 2015 |
Actions 2
Everything that happened, newest first.
- Jun 18, 2015Introduced in Senate
- Jun 18, 2015Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 2297 | Hizballah International Financing Prevention Act of 2015 | Related bill | Dec 18, 2015 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to prevent Hizballah and associated entities from gaining access to international financial and other institutions, and for other purposes.
- Short Titles as Introduced
- Hizballah International Financing Prevention Act of 2015
Subjects
Assigned by the Library of Congress. Policy area: International Affairs.
- Arab-Israeli relations
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Congressional oversight
- Diplomacy, foreign officials, Americans abroad
- Drug trafficking and controlled substances
- Financial services and investments
- Foreign and international banking
- Foreign property
- Fraud offenses and financial crimes
- Intelligence activities, surveillance, classified information
- International Affairs
- International exchange and broadcasting
- International monetary system and foreign exchange
- Internet and video services
- Internet, web applications, social media
- Judicial review and appeals
- Middle East
- Organized crime
- Sanctions
- Television and film
- Terrorism
- Trade restrictions
Text 1
Each version as it was printed, newest first.
- Jun 18, 2015Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
