#aadth ,,congress #ast ,session ,h4 ,r4 #bbig ,,an ,,act ,to prevent ,hezbollah and associated entities from gaining access to international financial and other institutions1 and for other purposes4 #a4 ,short title and table of contents 7a7 ,short title ,this ,act may be cited as the ,hezbollah ,international ,financing ,prevention ,act of #bjae4 7b7 ,table of contents ,the table of contents for this ,act is as follows3 ,sec4 #a4 ,short title and table of contents4 ,sec4 #b4 ,statement of policy4 ,title ,i--,prevention of access by ,hezbollah to international financial and other institutions ,sec4 #aja4 ,briefing 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 on designation of ,hezbollah as a significant foreign narcotics trafficker and a significant transnational criminal organization ,sec4 #bja4 ,report on designation of ,hezbollah as a significant foreign narcotics trafficker4 ,sec4 #bjb4 ,report on designation of ,hezbollah as a significant transnational criminal organization4 ,sec4 #bjc4 ,rewards for ,justice and ,hezbollah'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 ,hezbollah4 ,sec4 #bje4 ,appropriate congressional committees defined4 ,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 ,hezbollah'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 ,hezbollah as a means to block that organization's ability to fund its global terrorist activities4 ,i ,prevention of access by ,hezbollah to international financial and other institutions #aja4 ,briefing on imposition of sanctions on certain satellite providers that carry al-,manar ,,tv ,not later than #cj days after the date of the enactment of this ,act and annually thereafter1 the ,secretary of ,state shall provide to the ,committee on ,foreign ,affairs of the ,house of ,representatives and the ,committee on ,foreign ,relations of the ,senate a briefing on the following3 7#a7 ,the activities of all satellite1 broadcast1 ,internet1 or other providers that knowingly provide material support to 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 ,no4 #acbbd 7,september #bc1 #bjja72 and 7,b7 an identification of those providers that have not been sanctioned pursuant to ,executive ,order ,no4 #acbbd and1 with respect to each such provider1 the reason why sanctions have not been imposed4 #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 ,secretary of the ,treasury1 with the concurrence of the ,secretary of ,state and in consultation with the heads of other applicable departments and agencies1 shall 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 ,secretary determines1 on or after the date of the enactment of this ,act1 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 ,hezbollah2 7,b7 knowingly facilitates a significant transaction or transactions of a person designated for acting on behalf of or at the direction of1 or owned or controlled by1 ,hezbollah2 7,c7 knowingly engages in money laundering to carry out an activity described in subparagraph 7,a7 or 7,b72 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,c71 including-- 7i7 facilitating a significant transaction or transactions2 or 7ii7 providing significant financial services that involve a transaction of covered goods2 or 7,e7 7i7 knowingly facilitates1 or participates or assists in1 an activity described in subparagraph 7,a71 7,b71 7,c71 or 7,d71 including by acting on behalf of1 at the direction of1 or as an intermediary for1 or otherwise assisting1 another person with respect to the activity described in any such subparagraph2 7ii7 knowingly attempts or conspires to facilitate or participate in an activity described in subparagraph 7,a71 7,b71 7,c71 or 7,d72 or 7iii7 is owned or controlled by a foreign financial institution that the ,secretary finds knowingly engages in an activity described in subparagraph 7,a71 7,b71 7,c71 or 7,d74 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 paragraph 7#d7 of 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 #bjf7;a74 7#d7 ,regulations ,the ,secretary of the ,treasury shall prescribe and implement regulations to carry out this subsection4 7b7 ,waiver 7#a7 ,in general ,the ,secretary of the ,treasury1 with the concurrence of the ,secretary of ,state and in consultation with the heads of other applicable departments and agencies1 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 such waiver for additional periods of not more than #ahj days1 on and after the date that the ,secretary of the ,treasury1 with the concurrence of the ,secretary of ,state-- 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 ,provisions relating to foreign financial institutions 7#a7 ,report ,not later than #de days after the date of the enactment of this ,act 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 ,special rule to allow for termination of sanctionable activity ,the ,secretary of the ,treasury shall not be required to apply sanctions to a foreign financial institution described in subsection 7a7 if the ,secretary1 with the concurrence of the ,secretary of ,state and in consultation with the heads of other applicable departments and agencies1 certifies in writing to the appropriate congressional committees that-- 7,a7 such foreign financial institution-- 7i7 is no longer engaging in the activity described in subsection 7a77#b72 or 7ii7 has taken and is continuing to take significant verifiable steps toward terminating the activity described in such subsection2 and 7,b7 the ,secretary has received reliable assurances from the government with primary jurisdiction over such foreign financial institution that such foreign financial institution will not engage in any activity described in such subsection in the future4 7d7 ,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 ,covered goods ,the term covered goods has the meaning given the term in section #ajbg4ajj of title #ca1 ,code of ,federal ,regulations4 7,d7 ,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,e7 ,foreign financial institution2 domestic financial institution 7i7 ,foreign financial institution ,the term foreign financial institution has the meaning of such term in section #ajaj4fje of title #ca1 ,code of ,federal ,regulations1 and includes a foreign central bank4 7ii7 ,domestic financial institution ,the term domestic financial institution has the meaning of such term as determined by the ,secretary of the ,treasury4 7,f7 ,hezbollah ,the term ,hezbollah means-- 7i7 any person-- 7,i7 the property of 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 ,asset ,control of the ,department of the ,treasury as an agent1 instrumentality1 or affiliate of ,hezbollah2 and 7ii7 the entity 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 #aahi74 7,g7 ,money laundering ,the term money laundering means any of the activities described in paragraph 7#a71 7#b71 or 7#c7 of section #aief7;a7 of title #ah1 ,united ,states ,code1 with respect to which penalties may be imposed pursuant to such section4 7#b7 ,other definitions ,the ,secretary of the ,treasury may further define the terms used in this section in the regulations prescribed under this section4 ,,ii ,reports on designation of ,hezbollah as a significant foreign narcotics trafficker and a significant trans-national criminal organization #bja4 ,report on designation of ,hezbollah as a significant foreign narcotics trafficker 7a7 ,report required ,not later than #abj days after the date of the enactment of this ,act1 the ,president shall transmit to the appropriate congressional committees a detailed report on whether ,hezbollah meets the criteria for designation under the ,foreign ,narcotics ,kingpin ,designation ,act 7#ba ,u4,s4,c4 #aija et seq47 as a significant foreign narcotics trafficker1 and if the ,president determines that ,hezbollah does not meet such criteria1 a detailed justification as to which criteria have not been met4 7b7 ,form ,the report required by subsection 7a7 shall be transmitted in unclassified form1 but may include a classified annex4 #bjb4 ,report on designation of ,hezbollah as a significant transnational criminal organization 7a7 ,sense of ,congress ,it is the sense of ,congress that-- 7#a7 ,hezbollah meets the criteria for designation as a significant transnational criminal organization under ,executive ,order ,no4 #aceha 7#gf ,fed4 ,reg4 #ddgeg72 and 7#b7 the ,president should so designate ,hezbollah as a significant transnational criminal organization4 7b7 ,report 7#a7 ,report required ,not later than #abj days after the date of the enactment of this ,act1 the ,president shall transmit to the appropriate committees of ,congress a detailed report on whether the ,hezbollah meets the criteria for designation as a significant transnational criminal organization under ,executive ,order ,no4 #aceha 7#gf ,fed4 ,reg4 #ddgeg71 and if the ,president determines that ,hezbollah does not meet such criteria1 a detailed justification as to which criteria have not been met4 7#b7 ,form ,the report required by paragraph 7#a7 shall be transmitted in unclassified form1 but may include a classified annex4 #bjc4 ,rewards for ,justice and ,hezbollah'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 ,hezbollah and its agents and affiliates4 7b7 ,briefing ,not later than #ij days after the date of the enactment of this ,act 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 ,hezbollah 7a7 ,report 7#a7 ,in general ,not later than #ij days after the date of the enactment of this ,act1 the ,president shall transmit to the appropriate congressional committees a report that includes-- 7,a7 a list of countries that support ,hezbollah1 or in which ,hezbollah 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 such country is taking adequate measures to disrupt the global logistics networks of ,hezbollah within the territory of such 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 such government is not taking such adequate measures2 and 7,,ii7 a description of measures being taken by the ,united ,states to encourage such government to improve measures to disrupt such networks2 7,c7 a list of countries in which ,hezbollah1 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 such country is taking adequate measures to disrupt the fundraising1 financing1 or money laundering activities of ,hezbollah and its agents and affiliates within the territory of such 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 such government is not taking such adequate measures2 and 7,,ii7 a description of measures being taken by the ,united ,states to encourage such government to improve measures to disrupt such activities2 and 7,e7 a list of methods that ,hezbollah1 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 ,hezbollah ,in this subsection1 the term global logistics networks of ,hezbollah 1 global logistics networks1 or networks means financial1 material1 or technological support for1 or financial or other services in support of1 ,hezbollah4 7b7 ,briefing on ,hezbollah'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 ,act and every #ahj days thereafter1 the ,secretary of ,state1 the ,secretary of the ,treasury1 and the heads 7or their designees7 of other applicable ,federal departments and agencies shall provide to the appropriate congressional committees a briefing on the disposition of ,hezbollah'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 #bje4 ,appropriate congressional committees defined ,except as otherwise provided1 in this title1 the term appropriate congressional committees means-- 7#a7 the ,committee on ,foreign ,affairs1 the ,committee on ,financial ,services1 and the ,committee on the ,judiciary of the ,house of ,representatives2 and 7#b7 the ,committee on ,foreign ,relations1 the ,committee on ,finance1 and the ,committee on the ,judiciary 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 #ij 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 7as such term is defined in section #bjc7 of the proposed regulations and the provisions of this ,act and the amendments made by this ,act that the regulations are implementing4 #cjc4 ,termination ,this ,act shall terminate on the date that is #cj days after the date on which the ,president certifies to ,congress that ,hezbollah-- 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 7#b7 is no longer listed in the ,annex to ,executive ,order ,no4 #acbbd 7,september #bc1 #bjja2 relating to blocking property and prohibiting transactions with persons who commit1 threaten to commit1 or support terrorism72 and 7#c7 poses no significant threat to ,united ,states national security1 interests1 or allies4 ,passed the ,house of ,representatives ,may #ad1 #bjae4;,clerk4