S 1637
117th Congress
Senate
International Affairs
Bank accounts, deposits, capital
Congressional oversight
Diplomacy, foreign officials, Americans abroad
Foreign and international banking
Fraud offenses and financial crimes
Human rights
Lebanon
Middle East
Sanctions
Syria
Terrorism
Hizballah Money Laundering Prevention Act of 2021
Introduced: May 13, 2021
Introduced by:
Blackburn, Marsha
Republican
· Tennessee
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 13, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 13, 2021
Introduced in Senate
Plain-English summary
Hizballah Money Laundering Prevention Act of 2021
This bill establishes measures to deter money laundering by Hizballah in Lebanon.
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 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 Hizballah.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1