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Hizballah Money Laundering Prevention Act of 2021

USA117th CongressS-1637| Senate 
| Updated: 5/13/2021
Marsha Blackburn

Marsha Blackburn

Republican Senator

Tennessee

Cosponsors (3)
Thomas Tillis (Republican)Tom Cotton (Republican)Ted Cruz (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
May 13, 2021
Introduced in Senate
May 13, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • May 13, 2021
    Introduced in Senate


  • May 13, 2021
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

International Affairs

Bank accounts, deposits, capitalCongressional oversightDiplomacy, foreign officials, Americans abroadForeign and international bankingFraud offenses and financial crimesHuman rightsLebanonMiddle EastSanctionsSyriaTerrorism

Hizballah Money Laundering Prevention Act of 2021

USA117th CongressS-1637| Senate 
| Updated: 5/13/2021
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 13, 2021
Introduced in Senate
May 13, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • May 13, 2021
    Introduced in Senate


  • May 13, 2021
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Marsha Blackburn

Marsha Blackburn

Republican Senator

Tennessee

Cosponsors (3)
Thomas Tillis (Republican)Tom Cotton (Republican)Ted Cruz (Republican)

Banking, Housing, and Urban Affairs Committee

International Affairs

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalCongressional oversightDiplomacy, foreign officials, Americans abroadForeign and international bankingFraud offenses and financial crimesHuman rightsLebanonMiddle EastSanctionsSyriaTerrorism