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Hezbollah Money Laundering Prevention Act of 2020

Introduced: September 30, 2020 Introduced by: Wilson, Joe Republican · South Carolina See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Sep 30, 2020

Referred to the Committee on Foreign Affairs, and in addition to the Committees on the Judiciary, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sep 30, 2020

Introduced in House

Plain-English summary Congressional Research Service

Hezbollah Money Laundering Prevention Act of 2020

This bill establishes measures to deter money laundering by Hezbollah in Lebanon and Latin America.

Specifically, the Department of the Treasury must prohibit or place conditions on the opening or maintaining of certain correspondent or payable-through accounts by the Central Bank of Syria if Treasury determines that certain jurisdictions in Lebanon or areas in Latin America are jurisdictions of primary money laundering concern.

Further, the President must sanction certain senior foreign political figures or foreign persons that the President determines have knowingly provided material support to or engaged in a significant transaction with Hezbollah.

What's happening now September 30, 2020

Committees of jurisdiction 3