House Bill 8445
116th Congress(2019-2020)
Hezbollah Money Laundering Prevention Act of 2020
Introduced
Introduced in House on Sep 30, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
8445
Congress
116
Policy Area
International Affairs
International Affairs
Primary focus of measure is matters affecting foreign aid, human rights, international law and organizations; national governance; arms control; diplomacy and foreign officials; alliances and collective security. Measures concerning trade agreements, tariffs, foreign investments, and foreign loans may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
Summary
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.
September 30, 2020
09/30/2020
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.
09/30/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:44:52 PM