,in the ,senate of the ,united ,states1 ,november #ag1 #bjae4 ,amendments3 ,that the bill from the ,house of ,representatives 7,h4,r4 #bbig7 entitled ,an ,act to prevent ,hezbollah and associated entities from gaining access to international financial and other institutions1 and for other purposes41 do pass with the following ,strike all after the enacting clause and insert the following3 #a4 ,short title2 table of contents 7a7 ,short title ,this ,act may be cited as the ,hizballah ,international ,financing ,prevention ,act of #bjae4 7b7 ,table of contents ,the table of contents for this ,act is as follows3 ,sec4 #a4 ,short title2 table of contents4,sec4 #b4 ,statement of policy4,,title ,i--,prevention of access by ,hizballah to international financial and other institutions,sec4 #aja4 ,report on imposition of sanctions on certain satellite providers that carry al-,manar ,,tv4,sec4 #ajb4 ,sanctions with respect to financial institutions that engage in certain transactions4,,title ,,ii--,reports and briefings on narcotics trafficking and significant transnational criminal activities of ,hizballah,sec4 #bja4 ,report and briefing on narcotics trafficking by ,hizballah4,sec4 #bjb4 ,report and briefing on significant transnational criminal activities of ,hizballah4,sec4 #bjc4 ,rewards for ,justice and ,hizballah's fundraising1 financing1 and money laundering activities4,sec4 #bjd4 ,report on activities of foreign governments to disrupt global logistics networks and fundraising1 financing1 and money laundering activities of ,hizballah4,,title ,,iii--,miscellaneous provisions,sec4 #cja4 ,rule of construction4,sec4 #cjb4 ,regulatory authority4,sec4 #cjc4 ,termination4 #b4 ,statement of policy ,it shall be the policy of the ,united ,states to-- 7#a7 prevent ,hizballah's global logistics and financial network from operating in order to curtail funding of its domestic and international activities2 and 7#b7 utilize all available diplomatic1 legislative1 and executive avenues to combat the global criminal activities of ,hizballah as a means to block that organization's ability to fund its global terrorist activities4 ,i ,prevention of access by ,hizballah to international financial and other institutions #aja4 ,report on imposition of sanctions on certain satellite providers that carry al-,manar ,,tv 7a7 ,in general ,not later than #ij days after the date of the enactment of this ,act1 the ,president shall submit to the appropriate congressional committees and leadership a report on the following3 7#a7 ,the activities of all satellite1 broadcast1 ,internet1 or other providers that have knowingly entered into a contractual relationship with al-,manar ,,tv1 and any affiliates or successors thereof4 7#b7 ,with respect to all providers described in paragraph 7#a7-- 7,a7 an identification of those providers that have been sanctioned pursuant to ,executive ,order #acbbd 7#ej ,u4,s4,c4 #agja note2 relating to blocking property and prohibiting transactions with persons who commit1 threaten to commit1 or support terrorism72 and 7,b7 an identification of those providers that have not been sanctioned pursuant to ,executive ,order #acbbd and1 with respect to each such provider1 any information indicating that the provider has knowingly entered into a contractual relationship with al-,manar ,,tv1 and any affiliates or successors of al-,manar ,,tv4 7b7 ,form of report ,the report required by subsection 7a7 shall be submitted in unclassified form to the greatest extent possible1 but may include a classified annex4 7c7 ,appropriate congressional committees and leadership defined ,in this section1 the term appropriate congressional committees and leadership means-- 7#a7 the ,speaker1 the minority leader1 the ,committee on ,foreign ,affairs1 the ,committee on ,financial ,services1 and the ,permanent ,select ,committee on ,intelligence of the ,house of ,representatives2 and 7#b7 the majority leader1 the minority leader1 the ,committee on ,foreign ,relations1 the ,committee on ,banking1 ,housing1 and ,urban ,affairs1 and the ,select ,committee on ,intelligence of the ,senate4 #ajb4 ,sanctions with respect to financial institutions that engage in certain transactions 7a7 ,prohibitions and conditions with respect to certain accounts held by foreign financial institutions 7#a7 ,in general ,not later than #abj days after the date of the enactment of this ,act1 the ,president shall prescribe regulations to prohibit1 or impose strict conditions on1 the opening or maintaining in the ,united ,states of a correspondent account or a payable-through account by a foreign financial institution that the ,president determines1 on or after such date of enactment1 engages in an activity described in paragraph 7#b74 7#b7 ,activities described ,a foreign financial institution engages in an activity described in this paragraph if the foreign financial institution-- 7,a7 knowingly facilitates a significant transaction or transactions for ,hizballah2 7,b7 knowingly facilitates a significant transaction or transactions of a person identified on the list of specially designated nationals and blocked persons maintained by the ,office of ,foreign ,assets ,control of the ,department of the ,treasury and the property and interests in property of which are blocked pursuant to the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agja et seq47 for acting on behalf of or at the direction of1 or being owned or controlled by1 ,hizballah2 7,c7 knowingly engages in money laundering to carry out an activity described in subparagraph 7,a7 or 7,b72 or 7,d7 knowingly facilitates a significant transaction or transactions or provides significant financial services to carry out an activity described in subparagraph 7,a71 7,b71 or 7,c74 7#c7 ,penalties ,the penalties provided for in subsections 7b7 and 7c7 of section #bjf of the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agje7 shall apply to a person that violates1 attempts to violate1 conspires to violate1 or causes a violation of regulations prescribed under this subsection to the same extent that such penalties apply to a person that commits an unlawful act described in subsection 7a7 of such section #bjf4 7#d7 ,procedures for judicial review of classified information 7,a7 ,in general ,if a finding under this subsection1 or a prohibition1 condition1 or penalty imposed as a result of any such finding1 is based on classified information 7as defined in section #a7;a7 of the ,classified ,information ,procedures ,act 7#ah ,u4,s4,c4 ,app477 and a court reviews the finding or the imposition of the prohibition1 condition1 or penalty1 the ,president may submit such information to the court ex parte and in camera4 7,b7 ,rule of construction ,nothing in this paragraph shall be construed to confer or imply any right to judicial review of any finding under this subsection or any prohibition1 condition1 or penalty imposed as a result of any such finding4 7b7 ,waiver 7#a7 ,in general ,the ,president may waive1 on a case-by-case basis1 the application of a prohibition or condition imposed with respect to a foreign financial institution pursuant to subsection 7a7 for a period of not more than #ahj days1 and may renew the waiver for additional periods of not more than #ahj days1 on and after the date on which the ,president-- 7,a7 determines that such a waiver is in the national security interests of the ,united ,states2 and 7,b7 submits to the appropriate congressional committees a report describing the reasons for such determination4 7#b7 ,form ,the report required by paragraph 7#a77;,b7 shall be submitted in unclassified form1 but may contain a classified annex4 7c7 ,special rule ,to allow for termination of sanctionable activity ,the ,president shall not be required to apply sanctions to a foreign financial institution described in subsection 7a7 if the ,president certifies in writing to the appropriate congressional committees that-- 7#a7 the foreign financial institution-- 7,a7 is no longer engaging in the activity described in subsection 7a77#b72 or 7,b7 has taken and is continuing to take significant verifiable steps toward terminating the activity described in that subsection2 and 7#b7 the ,president has received reliable assurances from the government with primary jurisdiction over the foreign financial institution that the foreign financial institution will not engage in any activity described in subsection 7a77#b7 in the future4 7d7 ,report on foreign central banks 7#a7 ,in general ,not later than #ij days after the date of the enactment of this ,act1 and every #ahj days thereafter1 the ,secretary of the ,treasury shall submit to the appropriate congressional committees a report that-- 7,a7 identifies each foreign central bank that the ,secretary determines engages in one or more activities described in subsection 7a77#b77;,d72 and 7,b7 provides a detailed description of each such activity4 7#b7 ,form of report ,each report required by paragraph 7#a7 shall be submitted in unclassified form1 but may include a classified annex4 7e7 ,implementation ,the ,president may exercise all authorities provided under sections #bjc and #bje of the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agjb and #agjd7 to carry out this section4 7f7 ,definitions 7#a7 ,in general ,in this section3 7,a7 ,account2 correspondent account2 payable-through account ,the terms account1 correspondent account1 and payable-through account have the meanings given those terms in section #ecah;,a of title #ca1 ,united ,states ,code4 7,b7 ,appropriate congressional committees ,the term appropriate congressional committees means-- 7i7 the ,committee on ,foreign ,affairs and the ,committee on ,financial ,services of the ,house of ,representatives2 and 7ii7 the ,committee on ,foreign ,relations and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate4 7,c7 ,financial institution ,the term financial institution means a financial institution specified in subparagraph 7,a71 7,b71 7,c71 7,d71 7,e71 7,f71 7,g71 7,h71 7,i71 7,j71 7,k71 7,m71 7,n71 7,p71 7,r71 7,t71 7,y71 or 7,z7 of section #ecab7;a77#b7 of title #ca1 ,united ,states ,code4 7,d7 ,foreign financial institution ,the term foreign financial institution has the meaning given that term in section #ajaj4fje of title #ca1 ,code of ,federal ,regulations4 7,e7 ,hizballah ,the term ,hizballah means-- 7i7 the entity known as ,hizballah and designated by the ,secretary of ,state as a foreign terrorist organization pursuant to section #bai of the ,immigration and ,nationality ,act 7#h ,u4,s4,c4 #aahi72 or 7ii7 any person-- 7,i7 the property or interests in property of which are blocked pursuant to the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agja et seq472 and 7,,ii7 who is identified on the list of specially designated nationals and blocked persons maintained by the ,office of ,foreign ,assets ,control of the ,department of the ,treasury as an agent1 instrumentality1 or affiliate of ,hizballah4 7,f7 ,money laundering ,the term money laundering includes the movement of illicit cash or cash equivalent proceeds into1 out of1 or through a country1 or into1 out of1 or through a financial institution4 7#b7 ,other definitions ,the ,president may further define the terms used in this section in the regulations prescribed under this section4 ,,ii ,reports and briefings on narcotics trafficking and significant transnational criminal activities of ,hizballah #bja4 ,report and briefing on narcotics trafficking by ,hizballah 7a7 ,report 7#a7 ,in general ,not later than #abj days after the date of the enactment of this ,act1 the ,president shall submit to the appropriate congressional committees and leadership a report on the activities of ,hizballah related to narcotics trafficking worldwide4 7#b7 ,form ,the report required by paragraph 7#a7 shall be submitted in unclassified form to the greatest extent possible1 but may include a classified annex4 7b7 ,briefing ,not later than #cj days after the submission of the report required by subsection 7a71 the ,president shall provide to the appropriate congressional committees and leadership a briefing on-- 7#a7 the report2 7#b7 procedures for designating ,hizballah as a significant foreign narcotics trafficker under the ,foreign ,narcotics ,kingpin ,designation ,act 7#ba ,u4,s4,c4 #aija et seq472 and 7#c7 ,government-wide efforts to combat the narcotics trafficking activities of ,hizballah4 7c7 ,appropriate congressional committees and leadership defined ,in this section1 the term appropriate congressional committees and leadership means-- 7#a7 the ,speaker1 the minority leader1 the ,committee on ,foreign ,affairs1 the ,committee on ,financial ,services1 the ,committee on the ,judiciary1 and the ,permanent ,select ,committee on ,intelligence of the ,house of ,representatives2 and 7#b7 the majority leader1 the minority leader1 the ,committee on ,foreign ,relations1 the ,committee on ,banking1 ,housing1 and ,urban ,affairs1 the ,committee on ,finance1 the ,committee on the ,judiciary1 and the ,select ,committee on ,intelligence of the ,senate4 #bjb4 ,report and briefing on significant transnational criminal activities of ,hizballah 7a7 ,report 7#a7 ,in general ,not later than #abj days after the date of the enactment of this ,act1 the ,president shall submit to the appropriate congressional committees and leadership a report on the significant transnational criminal activities of ,hizballah1 including human trafficking4 7#b7 ,form ,the report required by paragraph 7#a7 shall be submitted in unclassified form to the greatest extent possible1 but may include a classified annex4 7b7 ,briefing ,not later than #cj days after the submission of the report required by subsection 7a71 the ,president shall provide to the appropriate congressional committees and leadership a briefing on-- 7#a7 the report2 7#b7 procedures for designating ,hizballah as a significant transnational criminal organization under ,executive ,order #aceha 7#ge ,fed4 ,reg4 #dd1geg72 and 7#c7 ,government-wide efforts to combat the transnational criminal activities of ,hizballah4 7c7 ,appropriate congressional committees and leadership defined ,in this section1 the term appropriate congressional committees and leadership means-- 7#a7 the ,speaker1 the minority leader1 the ,committee on ,foreign ,affairs1 the ,committee on ,financial ,services1 the ,committee on the ,judiciary1 and the ,permanent ,select ,committee on ,intelligence of the ,house of ,representatives2 and 7#b7 the majority leader1 the minority leader1 the ,committee on ,foreign ,relations1 the ,committee on ,banking1 ,housing1 and ,urban ,affairs1 the ,committee on ,finance1 the ,committee on the ,judiciary1 and the ,select ,committee on ,intelligence of the ,senate4 #bjc4 ,rewards for ,justice and ,hizballah's fundraising1 financing1 and money laundering activities 7a7 ,report ,not later than #ij days after the date of the enactment of this ,act1 the ,secretary of ,state shall submit to the appropriate congressional committees a report that details actions taken by the ,department of ,state through the ,department of ,state rewards program under section #cf of the ,state ,department ,basic ,authorities ,act 7#bb ,u4,s4,c4 #bgjh7 to obtain information on fundraising1 financing1 and money laundering activities of ,hizballah and its agents and affiliates4 7b7 ,briefing ,not later than #ij days after the date of the enactment of this ,act1 and annually thereafter1 the ,secretary of ,state shall provide a briefing to the appropriate congressional committees on the status of the actions described in subsection 7a74 7c7 ,appropriate congressional committees defined ,in this section1 the term appropriate congressional committees means-- 7#a7 the ,committee on ,foreign ,affairs and the ,committee on ,financial ,services of the ,house of ,representatives2 and 7#b7 the ,committee on ,foreign ,relations and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate4 #bjd4 ,report on activities of foreign governments to disrupt global logistics networks and fundraising1 financing1 and money laundering activities of ,hizballah 7a7 ,report 7#a7 ,in general ,not later than #ij days after the date of the enactment of this ,act1 the ,president shall submit to the appropriate congressional committees a report that includes-- 7,a7 a list of countries that support ,hizballah or in which ,hizballah maintains important portions of its global logistics networks2 7,b7 with respect to each country on the list required by subparagraph 7,a7-- 7i7 an assessment of whether the government of the country is taking adequate measures to disrupt the global logistics networks of ,hizballah within the territory of the country2 and 7ii7 in the case of a country the government of which is not taking adequate measures to disrupt such networks-- 7,i7 an assessment of the reasons that government is not taking such adequate measures2 and 7,,ii7 a description of measures being taken by the ,united ,states to encourage that government to improve measures to disrupt such networks2 7,c7 a list of countries in which ,hizballah1 or any of its agents or affiliates1 conducts significant fundraising1 financing1 or money laundering activities2 7,d7 with respect to each country on the list required by subparagraph 7,c7-- 7i7 an assessment of whether the government of the country is taking adequate measures to disrupt the fundraising1 financing1 or money laundering activities of ,hizballah and its agents and affiliates within the territory of the country2 and 7ii7 in the case of a country the government of which is not taking adequate measures to disrupt such activities-- 7,i7 an assessment of the reasons that government is not taking such adequate measures2 and 7,,ii7 a description of measures being taken by the ,united ,states to encourage that government to improve measures to disrupt such activities2 and 7,e7 a list of methods that ,hizballah1 or any of its agents or affiliates1 utilizes to raise or transfer funds1 including trade-based money laundering1 the use of foreign exchange houses1 and free-trade zones4 7#b7 ,form ,the report required by paragraph 7#a7 shall be submitted in unclassified form to the greatest extent possible1 and may contain a classified annex4 7#c7 ,global logistics networks of ,hizballah ,in this subsection1 the term global logistics networks of ,hizballah 1 global logistics networks1 or networks means financial1 material1 or technological support for1 or financial or other services in support of1 ,hizballah4 7b7 ,briefing on ,hizballah's assets and activities related ,to fundraising1 financing1 and money laundering worldwide ,not later than #ij days after the date of the enactment of this ,act1 and every #ahj days thereafter1 the ,secretary of ,state1 the ,secretary of the ,treasury1 and the heads of other applicable ,federal departments and agencies shall provide to the appropriate congressional committees a briefing on the disposition of ,hizballah's assets and activities related to fundraising1 financing1 and money laundering worldwide4 7c7 ,appropriate congressional committees defined ,in this section1 the term appropriate congressional committees means-- 7#a7 the ,committee on ,foreign ,affairs1 the ,committee on ,financial ,services1 and the ,permanent ,select ,committee on ,intelligence of the ,house of ,representatives2 and 7#b7 the ,committee on ,foreign ,relations1 the ,committee on ,banking1 ,housing1 and ,urban ,affairs1 and the ,select ,committee on ,intelligence of the ,senate4 ,,iii ,miscellaneous provisions #cja4 ,rule of construction ,nothing in this ,act or any amendment made by this ,act shall apply to the authorized intelligence activities of the ,united ,states4 #cjb4 ,regulatory authority 7a7 ,in general ,the ,president shall1 not later than #abj days after the date of the enactment of this ,act1 promulgate regulations as necessary for the implementation of this ,act and the amendments made by this ,act4 7b7 ,notification to ,congress ,not less than #aj days before the promulgation of regulations under subsection 7a71 the ,president shall notify the appropriate congressional committees of the proposed regulations and the provisions of this ,act and the amendments made by this ,act that the regulations are implementing4 7c7 ,appropriate congressional committees defined ,in this section1 the term appropriate congressional committees means-- 7#a7 the ,committee on ,foreign ,affairs and the ,committee on ,financial ,services of the ,house of ,representatives2 and 7#b7 the ,committee on ,foreign ,relations and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate4 #cjc4 ,termination ,this ,act shall terminate on the date that is #cj days after the date on which the ,president certifies to ,congress that ,hizballah-- 7#a7 is no longer designated as a foreign terrorist organization pursuant to section #bai of the ,immigration and ,nationality ,act 7#h ,u4,s4,c4 #aahi72 and 7#b7 is no longer designated for the imposition of sanctions pursuant to ,executive ,order #acbbd 7#ej ,u4,s4,c4 #agja note2 relating to blocking property and prohibiting transactions with persons who commit1 threaten to commit1 or support terrorism74 ,amend the title so as to read3 ,an ,act to prevent ,hizballah and associated entities from gaining access to international financial and other institutions1 and for other purposes44 ,secretary