US Congress Senate Bill 2329 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on May 13 2014 - 25% progression, died in committee
Action: 2014-05-13 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Hezbollah International Financing Prevention Act of 2014 - Declares that it shall be U.S. policy to: (1) prevent Hezbollah's global logistics and financial network from operating in order to curtail funding of its domestic and international activities; and (2) utilize diplomatic, legislative, and executive avenues to combat Hezbollah's criminal activities in order to block that organization's ability to fund its global terrorist activities. Directs the Secretary of the Treasury to prohibit, or impose strict conditions on, the opening or maintaining in the United States of a correspondent account or a payable-through account by a foreign financial institution that knowingly: (1) facilitates the activities of Hezbollah or any of its agents or affiliates whose property or property interests are blocked pursuant to the International Emergency Economic Powers Act; (2) facilitates the activities of a person acting on behalf of or at the direction of, or owned or controlled by such institution; (3) engages in money laundering to carry out such activity; or (4) facilitates a significant transaction or transactions or provides significant financial services to carry out such activity. Directs the Secretary to prescribe reporting, information sharing, and due diligence requirements for domestic financial institutions that maintain a correspondent account or payable-through account in the United States for a foreign financial institution. Authorizes the Secretary to waive such requirements if in U.S. national security interests, and with congressional notification. Directs the Secretary to identify to Congress every 180 days each foreign central bank that carries out an activity prohibited under this Act. Sets forth penalty requirements for specified violations under this Act. Directs the President to report to Congress regarding: (1) satellite, broadcast, Internet, or other providers that knowingly carry al-Manar TV or its affiliates; and (2) countries in which Hezbollah maintains important portions of its global logistics networks, and an assessment of whether a country is taking adequate measures to disrupt Hezbollah's networks within that country. Directs the President to designate Hezbollah as: (1) a significant foreign narcotics trafficker if Hezbollah meets the criteria set forth under the Foreign Narcotics Kingpin Designation Act, and (2) a significant transnational criminal organization if Hezbollah meets the criteria set forth under Executive Order 13581. Directs the President to report to Congress which of these criteria the President determines that Hezbollah has not met, if it does not. Declares that nothing in this Act shall apply to authorized U.S. intelligence activities. States that any requirement of this Act shall cease to be in effect 30 days after the President certifies to Congress that Hezbollah: (1) is no longer designated as a foreign terrorist organization, and (2) is no longer listed in the Annex to Executive Order 13224 (blocking property and prohibiting transactions with persons who commit or support terrorism).

Hezbollah International Financing Prevention Act of 2014

Sen. Jeanne Shaheen [D-NH]	Sen. Kelly Ayotte [R-NH]	Sen. Mark Begich [D-AK]	Sen. Michael Bennet [D-CO]
Sen. Richard Blumenthal [D-CT]	Sen. Roy Blunt [R-MO]	Sen. John Boozman [R-AR]	Sen. Barbara Boxer [D-CA]
Sen. Maria Cantwell [D-WA]	Sen. Benjamin Cardin [D-MD]	Sen. Thomas Carper [D-DE]	Sen. Robert Casey [D-PA]
Sen. Thad Cochran [R-MS]	Sen. Susan Collins [R-ME]	Sen. Christopher Coons [D-DE]	Sen. John Cornyn [R-TX]
Sen. Mike Crapo [R-ID]	Sen. Ted Cruz [R-TX]	Sen. Jeff Flake [R-AZ]	Sen. Al Franken [D-MN]
Sen. Kirsten Gillibrand [D-NY]	Sen. Lindsey Graham [R-SC]	Sen. Chuck Grassley [R-IA]	Sen. Orrin Hatch [R-UT]
Sen. Martin Heinrich [D-NM]	Sen. Dean Heller [R-NV]	Sen. John Hoeven [R-ND]	Sen. James Inhofe [R-OK]
Sen. Johnny Isakson [R-GA]	Sen. Mike Johanns [R-NE]	Sen. Ron Johnson [R-WI]	Sen. Mark Kirk [R-IL]
Sen. Amy Klobuchar [D-MN]	Sen. Joe Manchin [D-WV]	Sen. Edward Markey [D-MA]	Sen. John McCain [R-AZ]
Sen. Jeff Merkley [D-OR]	Sen. Barbara Mikulski [D-MD]	Sen. Jerry Moran [R-KS]	Sen. Lisa Murkowski [R-AK]
Sen. Christopher Murphy [D-CT]	Sen. Patty Murray [D-WA]	Sen. Bill Nelson [D-FL]	Sen. Rob Portman [R-OH]
Sen. Mark Pryor [D-AR]	Sen. James Risch [R-ID]	Sen. Pat Roberts [R-KS]	Sen. Marco Rubio [R-FL]
Sen. Charles Schumer [D-NY]	Sen. Jeff Sessions [R-AL]	Sen. Richard Shelby [R-AL]	Sen. Debbie Stabenow [D-MI]
Sen. John Thune [R-SD]	Sen. Pat Toomey [R-PA]	Sen. Mark Udall [D-CO]	Sen. Elizabeth Warren [D-MA]
Sen. Roger Wicker [R-MS]	Sen. Ron Wyden [D-OR]

Date	Chamber	Action
2014-05-13	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HB4411 (Related) 2014-07-23 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/2329/all-info
Text	https://www.congress.gov/113/bills/s2329/BILLS-113s2329is.pdf