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H.R. 3329, Hizballah International Financing Prevention Amendments Act of 2017 (CBO Report for Congress)

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Congress 115th
Date Requested Sept. 28, 2017
Requested By House Committee on Foreign Affairs
Date Sent Oct. 19, 2017
Description:

H.R. 3329 would expand federal sanctions and reporting requirements related to illicit interactions with Hizballah, a foreign terrorist organization based in Lebanon. It would direct the President to identify and impose sanctions on foreign people and entities engaged in fundraising and recruitment activities for Hizballah. The bill also would require the President to apply the sanctions in Executive Order 13581 to affiliated networks of Hizballah. That executive order blocked the U.S. held assets of certain criminal organizations from being transferred, paid, exported, or withdrawn. Finally, federal agencies would be required to develop policies and prepare multiple reports related to Hizballah, including reports on certain diplomatic matters as well as on illicit transactions with foreign financial institutions, cooperation with foreign governments, racketeering, and trafficking in tobacco.

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