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[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 1595 Enrolled Bill (ENR)]

        S.1595

                     One Hundred Fifteenth Congress

                                 of the

                        United States of America

                          AT THE SECOND SESSION

         Begun and held at the City of Washington on Wednesday,
           the third day of January, two thousand and eighteen

                                 An Act

 
To amend the Hizballah International Financing Prevention Act of 2015 to 
  impose additional sanctions with respect to Hizballah, and for other 
                                purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. SHORT TITLE; TABLE OF CONTENTS.
    (a) Short Title.--This Act may be cited as the ``Hizballah 
International Financing Prevention Amendments Act of 2018''.
    (b) Table of Contents.--The table of contents for this Act is as 
follows:

Sec. 1. Short title; table of contents.

 TITLE I--PREVENTION OF ACCESS BY HIZBALLAH TO INTERNATIONAL FINANCIAL 
                         AND OTHER INSTITUTIONS

Sec. 101. Mandatory sanctions with respect to fundraising and 
          recruitment activities for Hizballah.
Sec. 102. Modification of report with respect to financial institutions 
          that engage in certain transactions.
Sec. 103. Sanctions against certain agencies and instrumentalities of 
          foreign states.
Sec. 104. Diplomatic initiatives to prevent hostile activities by Iran 
          and disrupt and degrade Hizballah's illicit networks.

TITLE II--NARCOTICS TRAFFICKING AND TRANSNATIONAL CRIMINAL ACTIVITIES OF 
                                HIZBALLAH

Sec. 201. Imposition of sanctions with respect to affiliated networks of 
          Hizballah for transnational criminal activities.
Sec. 202. Report on racketeering activities engaged in by Hizballah.
Sec. 203. Modification of report on activities of foreign governments to 
          disrupt activities of Hizballah; reports on membership in 
          Hizballah.

                      TITLE III--GENERAL PROVISIONS

Sec. 301. Regulatory authority.
Sec. 302. Implementation; penalties; judicial review; exemptions; rule 
          of construction; exception relating to importation of goods.
Sec. 303. Report consolidation and modification.

 TITLE I--PREVENTION OF ACCESS BY HIZBALLAH TO INTERNATIONAL FINANCIAL 
                         AND OTHER INSTITUTIONS

    SEC. 101. MANDATORY SANCTIONS WITH RESPECT TO FUNDRAISING AND 
      RECRUITMENT ACTIVITIES FOR HIZBALLAH.
    (a) In General.--Section 101 of the Hizballah International 
Financing Prevention Act of 2015 (Public Law 114-102; 50 U.S.C. 1701 
note) is amended to read as follows:
    ``SEC. 101. MANDATORY SANCTIONS WITH RESPECT TO FUNDRAISING AND 
      RECRUITMENT ACTIVITIES FOR HIZBALLAH.
    ``(a) In General.--The President shall, on or after the date of the 
enactment of the Hizballah International Financing Prevention 
Amendments Act of 2018, impose the sanctions described in subsection 
(b) with respect to any foreign person that the President determines 
knowingly provides significant financial, material, or technological 
support for or to--
        ``(1) Bayt al-Mal, Jihad al-Bina, the Islamic Resistance 
    Support Association, the Foreign Relations Department of Hizballah, 
    the External Security Organization of Hizballah, or any successor 
    or affiliate thereof as designated by the President;
        ``(2) al-Manar TV, al Nour Radio, or the Lebanese Media Group, 
    or any successor or affiliate thereof as designated by the 
    President;
        ``(3) a foreign person determined by the President to be 
    engaged in fundraising or recruitment activities for Hizballah; or
        ``(4) a foreign person owned or controlled by a person 
    described in paragraph (1), (2), or (3).
    ``(b) Sanctions Described.--The sanctions described in this 
subsection are the following:
        ``(1) Asset blocking.--The exercise of all powers granted to 
    the President by the International Emergency Economic Powers Act 
    (50 U.S.C. 1701 et seq.) (except that the requirements of section 
    202 of such Act (50 U.S.C. 1701) shall not apply) to the extent 
    necessary to block and prohibit all transactions in all property 
    and interests in property of a foreign person determined by the 
    President to be subject to subsection (a) if such property and 
    interests in property are in the United States, come within the 
    United States, or are or come within the possession or control of a 
    United States person.
        ``(2) Aliens ineligible for visas, admission, or parole.--
            ``(A) Visas, admission, or parole.--An alien who the 
        Secretary of State or the Secretary of Homeland Security (or 
        designee of one of such Secretaries) determines is subject to 
        subsection (a) is--
                ``(i) inadmissible to the United States;
                ``(ii) ineligible to receive a visa or other 
            documentation to enter the United States; and
                ``(iii) otherwise ineligible to be admitted or paroled 
            into the United States or to receive any other benefit 
            under the Immigration and Nationality Act (8 U.S.C. 1101 et 
            seq.).
            ``(B) Current visas revoked.--
                ``(i) In general.--The Secretary of State or the 
            Secretary of Homeland Security (or designee of one of such 
            Secretaries) shall revoke any visa or other entry 
            documentation issued to an alien who the President 
            determines is subject to subsection (a), regardless of when 
            issued.
                ``(ii) Effect of revocation.--A revocation under clause 
            (i) shall take effect immediately and shall automatically 
            cancel any other valid visa or entry documentation that is 
            in the possession of the alien.
    ``(c) Waiver.--
        ``(1) In general.--The President may, for periods not to exceed 
    180 days, waive the imposition of sanctions under this section if 
    the President certifies to the appropriate congressional committees 
    that such waiver is in the national security interests of the 
    United States.
        ``(2) Briefing.--Not later than 30 days after the issuance of a 
    waiver under paragraph (1) with respect to a foreign person, and 
    every 180 days thereafter while the waiver remains in effect, the 
    President shall brief the appropriate congressional committees on 
    the status of the involvement of the foreign person in activities 
    described in subsection (a).
    ``(d) Definitions.--In this section:
        ``(1) Admitted; alien.--The terms `admitted' and `alien' have 
    meanings given those terms in section 101 of the Immigration and 
    Nationality Act (8 U.S.C. 1101).
        ``(2) Appropriate congressional committees.--The term 
    `appropriate congressional committees' means--
            ``(A) the Committee on Foreign Affairs, the Committee on 
        Ways and Means, the Committee on the Judiciary, the Committee 
        on Financial Services, and the Permanent Select Committee on 
        Intelligence of the House of Representatives; and
            ``(B) the Committee on Foreign Relations, the Committee on 
        Finance, the Committee on Banking, Housing, and Urban Affairs, 
        the Committee on the Judiciary, and the Select Committee on 
        Intelligence of the Senate.
        ``(3) Entity.--The term `entity' means a partnership, 
    association, corporation, or other organization, group, or 
    subgroup.
        ``(4) Foreign person.--The term `foreign person' means any 
    person that is not a United States person.
        ``(5) Hizballah.--The term `Hizballah' has the meaning given 
    such term in section 102(e).
        ``(6) Person.--The term `person' means an individual or entity.
        ``(7) United states person.--The term `United States person' 
    means a United States citizen, an alien lawfully admitted for 
    permanent residence, an entity organized under the laws of the 
    United States (including foreign branches), or a person in the 
    United States.''.
    (b) Clerical Amendment.--The table of contents for the Hizballah 
International Financing Prevention Act of 2015 is amended by striking 
the item relating to section 101 and inserting the following new item:

``Sec. 101. Mandatory sanctions with respect to fundraising and 
          recruitment activities for Hizballah.''.
    SEC. 102. MODIFICATION OF REPORT WITH RESPECT TO FINANCIAL 
      INSTITUTIONS THAT ENGAGE IN CERTAIN TRANSACTIONS.
    Section 102(d) of the Hizballah International Financing Prevention 
Act of 2015 (Public Law 114-102; 50 U.S.C. 1701 note) is amended to 
read as follows:
    ``(d) Report on Financial Institutions Organized Under the Laws of 
State Sponsors of Terrorism.--
        ``(1) In general.--Not later than 180 days after the date of 
    the enactment of the Hizballah International Financing Prevention 
    Amendments Act of 2018, and every 2 years thereafter for a period 
    not to exceed 4 years, the President shall submit to the 
    appropriate congressional committees a report that--
            ``(A) identifies each foreign financial institution 
        described in paragraph (2) that the President determines 
        engages in one or more activities described in subsection 
        (a)(2); and
            ``(B) provides a detailed description of each such 
        activity.
        ``(2) Foreign financial institution described.--
            ``(A) In general.--A foreign financial institution 
        described in this paragraph is a foreign financial 
        institution--
                ``(i) that, wherever located, is--

                    ``(I) organized under the laws of a state sponsor 
                of terrorism or any jurisdiction within a state sponsor 
                of terrorism;
                    ``(II) owned or controlled by the government of a 
                state sponsor of terrorism;
                    ``(III) located in the territory of a state sponsor 
                of terrorism; or
                    ``(IV) owned or controlled by a foreign financial 
                institution described in subclause (I), (II), or (III); 
                and

                ``(ii) the capitalization of which exceeds $10,000,000.
            ``(B) State sponsor of terrorism defined.--In this 
        paragraph, the term `state sponsor of terrorism' means a 
        country the government of which the Secretary of State has 
        determined is a government that has repeatedly provided support 
        for acts of international terrorism for purposes of--
                ``(i) section 1754(c) of the Export Control Reform Act 
            of 2018;
                ``(ii) section 620A of the Foreign Assistance Act of 
            1961 (22 U.S.C. 2371);
                ``(iii) section 40 of the Arms Export Control Act (22 
            U.S.C. 2780); or
                ``(iv) any other provision of law.''.
    SEC. 103. SANCTIONS AGAINST CERTAIN AGENCIES AND INSTRUMENTALITIES 
      OF FOREIGN STATES.
    (a) In General.--Title I of the Hizballah International Financing 
Prevention Act of 2015 (Public Law 114-102; 50 U.S.C. 1701 note) is 
amended by adding at the end the following:
    ``SEC. 103. SANCTIONS AGAINST CERTAIN AGENCIES AND 
      INSTRUMENTALITIES OF FOREIGN STATES.
    ``(a) Sanctions.--
        ``(1) In general.--Not later than 180 days after the date of 
    the enactment of the Hizballah International Financing Prevention 
    Amendments Act of 2018, and as appropriate thereafter, the 
    President shall impose the sanctions described in paragraph (3) 
    with respect to an agency or instrumentality of a foreign state 
    described in paragraph (2).
        ``(2) Agency or instrumentality of a foreign state described.--
    An agency or instrumentality of a foreign state is described in 
    this paragraph if the President determines that the agency or 
    instrumentality has, on or after the date of the enactment of the 
    Hizballah International Financing Prevention Amendments Act of 
    2018, knowingly--
            ``(A) conducted significant joint combat operations with, 
        or significantly supported combat operations of, Hizballah; or
            ``(B) provided significant financial support for or to, or 
        significant arms or related materiel to, Hizballah.
        ``(3) Sanctions described.--The sanctions described in this 
    paragraph are the exercise of all powers granted to the President 
    by the International Emergency Economic Powers Act (50 U.S.C. 1701 
    et seq.) (except that the requirements of section 202 of such Act 
    (50 U.S.C. 1701) shall not apply) to the extent necessary to block 
    and prohibit all transactions in all property and interests in 
    property of an agency or instrumentality of a foreign state if such 
    property and interests in property are in the United States, come 
    within the United States, or are or come within the possession or 
    control of a United States person.
    ``(b) Waiver.--
        ``(1) In general.--The President may, for periods not to exceed 
    180 days, waive the imposition of sanctions under this section with 
    respect to an agency or instrumentality of a foreign state if the 
    President certifies to the appropriate congressional committees 
    that such waiver is vital to the national security interests of the 
    United States.
        ``(2) Briefing.--Not later than 30 days after the issuance of a 
    waiver under paragraph (1) with respect to an agency or 
    instrumentality of a foreign state, and every 180 days thereafter 
    while the waiver remains in effect, the President shall brief the 
    appropriate congressional committees on the status of the 
    involvement of the agency or instrumentality in activities 
    described in subsection (a)(2).
    ``(c) Special Rule.--The President shall not be required to impose 
sanctions under this section with respect to an agency or 
instrumentality of a foreign state if the Secretary certifies in 
writing to the appropriate congressional committees that--
        ``(1) the agency or instrumentality--
            ``(A) is no longer engaging in activities described in 
        subsection (a)(2); or
            ``(B) has taken and is continuing to take significant 
        verifiable steps toward terminating such activities; and
        ``(2) the President has received reliable assurances from the 
    government of the foreign state that the agency or instrumentality 
    will not engage in any activity described in subsection (a)(2) in 
    the future.
    ``(d) Definitions.--In this section:
        ``(1) Agency or instrumentality of a foreign state.--The term 
    `agency or instrumentality of a foreign state' has the meaning 
    given the term in section 1603(b) of title 28, United States Code.
        ``(2) Appropriate congressional committees.--The term 
    `appropriate congressional committees' means--
            ``(A) the Committee on Foreign Affairs, the Committee on 
        Financial Services, the Committee on Ways and Means, the 
        Committee on the Judiciary, the Committee on Appropriations, 
        and the Permanent Select Committee on Intelligence of the House 
        of Representatives; and
            ``(B) the Committee on Foreign Relations, the Committee on 
        Banking, Housing, and Urban Affairs, the Committee on the 
        Judiciary, Committee on Finance, Committee on Appropriations, 
        and the Select Committee on Intelligence of the Senate.
        ``(3) Arms or related materiel.--The term `arms or related 
    materiel' means--
            ``(A) nuclear, biological, chemical, or radiological 
        weapons or materials or components of such weapons;
            ``(B) ballistic or cruise missile weapons or materials or 
        components of such weapons; and
            ``(C) destabilizing numbers and types of advanced 
        conventional weapons.
        ``(4) Hizballah.--The term `Hizballah' has the meaning given 
    such term in section 102(e).
        ``(5) United states person.--The term `United States person' 
    has the meaning given such term in section 101(d).''.
    (b) Clerical Amendment.--The table of contents for the Hizballah 
International Financing Prevention Act of 2015 is amended by inserting 
after the item relating to section 102 the following new item:

``Sec. 103. Sanctions against certain agencies and instrumentalities of 
          foreign states.''.
    SEC. 104. DIPLOMATIC INITIATIVES TO PREVENT HOSTILE ACTIVITIES BY 
      IRAN AND DISRUPT AND DEGRADE HIZBALLAH'S ILLICIT NETWORKS.
    (a) Diplomatic Engagement.--Title I of the Hizballah International 
Financing Prevention Act of 2015 (Public Law 114-102; 129 Stat. 2206; 
50 U.S.C. 1701 note), as amended by section 103 of this Act, is further 
amended by adding at the end the following:
    ``SEC. 104. DIPLOMATIC INITIATIVES TO PREVENT HOSTILE ACTIVITIES BY 
      IRAN AND DISRUPT AND DEGRADE HIZBALLAH'S ILLICIT NETWORKS.
    ``Not later than 180 days after the date of the enactment of the 
Hizballah International Financing Prevention Amendments Act of 2018, 
the President shall instruct the Secretary of State, in consultation 
with the Secretary of the Treasury, to increase cooperation with 
foreign governments to assist in strengthening the capacity of such 
governments to prevent hostile activity by Iran and disrupt and degrade 
Hizballah's illicit activities, including diplomatic engagement that 
involves--
        ``(1) efforts to target and expose illicit finance networks, 
    arrest perpetrators, freeze assets, and address Iran and 
    Hizballah's use of illicit financial networks using international 
    trade and banking systems;
        ``(2) efforts to assist willing governments with the 
    development of counter-organized crime legislation, the 
    strengthening of financial investigative capacity, and a fully-
    vetted counter-organized crime judicial model in jurisdictions 
    plagued with corruption; and
        ``(3) efforts to persuade governments to list Hizballah as a 
    terrorist organization.''.
    (b) Clerical Amendment.--The table of contents for the Hizballah 
International Financing Prevention Act of 2015 is amended by inserting 
after the item related to section 103, as added by section 103(b) of 
this Act, the following new item:

``Sec. 104. Diplomatic initiatives to prevent hostile activities by Iran 
          and disrupt and degrade Hizballah's illicit networks.''.

 TITLE II--NARCOTICS TRAFFICKING AND TRANSNATIONAL CRIMINAL ACTIVITIES 
                              OF HIZBALLAH

    SEC. 201. IMPOSITION OF SANCTIONS WITH RESPECT TO AFFILIATED 
      NETWORKS OF HIZBALLAH FOR TRANSNATIONAL CRIMINAL ACTIVITIES.
    (a) Statement of Policy.--It is the policy of the United States to 
determine if individuals and entities that are designated by the United 
States Government on or after the date of the enactment of this Act as 
being associated with Hizballah are engaged in transnational organized 
crime or related activities on or after such date of enactment.
    (b) In General.--Section 201 of the Hizballah International 
Financing Prevention Act of 2015 (Public Law 114-102; 50 U.S.C. 1701 
note) is amended to read as follows:
    ``SEC. 201. IMPOSITION OF SANCTIONS WITH RESPECT TO AFFILIATED 
      NETWORKS OF HIZBALLAH FOR TRANSNATIONAL CRIMINAL ACTIVITIES.
    ``(a) In General.--The President shall, on or after the date of the 
enactment of the Hizballah International Financing Prevention 
Amendments Act of 2018, impose the sanctions described in subsection 
(b) with respect to affiliated networks of Hizballah, including, as 
appropriate, by reason of significant transnational criminal activities 
engaged in by such networks.
    ``(b) Sanctions Described.--The sanctions described in this 
subsection are sanctions applicable with respect to Hizballah pursuant 
to any provision of law, including Executive Order 13581 (50 U.S.C. 
1701 note; relating to blocking property of transnational criminal 
organizations) (as such Executive Order was in effect on the day before 
the date of the enactment of the Hizballah International Financing 
Prevention Amendments Act of 2018).
    ``(c) Waiver.--The President may, for periods not to exceed 180 
days, waive the imposition of sanctions under this section if the 
President certifies to the appropriate congressional committees that 
such waiver is in the national security interests of the United States.
    ``(d) Definitions.--In this section:
        ``(1) Appropriate congressional committees.--The term 
    `appropriate congressional committees' means--
            ``(A) the Committee on Foreign Affairs, the Committee on 
        Ways and Means, the Committee on Appropriations, the Committee 
        on Financial Services, and the Permanent Select Committee on 
        Intelligence of the House of Representatives; and
            ``(B) the Committee on Foreign Relations, the Committee on 
        Banking, Housing, and Urban Affairs, the Committee on 
        Appropriations, and the Select Committee on Intelligence of the 
        Senate.
        ``(2) Hizballah.--The term `Hizballah' has the meaning given 
    such term in section 102(e).''.
    (c) Conforming Amendment.--The title heading for title II of the 
Hizballah International Financing Prevention Act of 2015 is amended to 
read as follows:

``TITLE II--SANCTIONS AND REPORTS RELATING TO NARCOTICS TRAFFICKING AND 
     SIGNIFICANT TRANSNATIONAL CRIMINAL ACTIVITIES OF HIZBALLAH''.

    (d) Clerical Amendments.--The table of contents for the Hizballah 
International Financing Prevention Act of 2015 is amended--
        (1) by striking the item relating to title II and inserting the 
    following:

``TITLE II--SANCTIONS AND REPORTS RELATING TO NARCOTICS TRAFFICKING AND 
    SIGNIFICANT TRANSNATIONAL CRIMINAL ACTIVITIES OF HIZBALLAH''; and

        (2) by striking the item relating to section 201 and inserting 
    the following:

``Sec. 201. Imposition of sanctions with respect to affiliated networks 
          of Hizballah for transnational criminal activities.''.
    SEC. 202. REPORT ON RACKETEERING ACTIVITIES ENGAGED IN BY 
      HIZBALLAH.
    (a) In General.--Section 202 of the Hizballah International 
Financing Prevention Act of 2015 (Public Law 114-102; 50 U.S.C. 1701 
note) is amended to read as follows:
    ``SEC. 202. REPORT ON RACKETEERING ACTIVITIES ENGAGED IN BY 
      HIZBALLAH.
    ``(a) In General.--Not later than 180 days after the date of the 
enactment of the Hizballah International Financing Prevention 
Amendments Act of 2018, the President shall submit to the appropriate 
congressional committees a report on information regarding activities 
that Hizballah, and agents and affiliates of Hizballah, have engaged in 
that are racketeering activities, including any patterns regarding such 
racketeering activities.
    ``(b) Form of Report.--Each report required under subsection (a) 
shall be submitted in an unclassified form but may contain a classified 
annex.
    ``(c) Definitions.--In this section:
        ``(1) Appropriate congressional committees.--The term 
    `appropriate congressional committees' means--
            ``(A) the Committee on the Judiciary, the Committee on 
        Foreign Affairs, the Committee on Financial Services, and the 
        Committee on Appropriations of the House of Representatives; 
        and
            ``(B) the Committee on the Judiciary, the Committee on 
        Foreign Relations, the Committee on Banking, Housing, and Urban 
        Affairs, and the Committee on Appropriations of the Senate.
        ``(2) Hizballah.--The term `Hizballah' has the meaning given 
    such term in section 102(e).
        ``(3) Racketeering activity.--The term `racketeering activity' 
    means any activity that would be considered a racketeering activity 
    (as defined in section 1961(1) of title 18, United States Code) if 
    the activity were engaged in the United States or by a United 
    States person.
        ``(4) United states person.--The term `United States person' 
    has the meaning given such term in section 101(d).''.
    (b) Clerical Amendment.--The table of contents for the Hizballah 
International Financing Prevention Act of 2015 is amended by striking 
the item relating to section 202 and inserting the following:

``Sec. 202. Report on racketeering activities engaged in by 
          Hizballah.''.
    SEC. 203. MODIFICATION OF REPORT ON ACTIVITIES OF FOREIGN 
      GOVERNMENTS TO DISRUPT ACTIVITIES OF HIZBALLAH; REPORTS ON 
      MEMBERSHIP IN HIZBALLAH.
    (a) In General.--Section 204 of the Hizballah International 
Financing Prevention Act of 2015 (Public Law 114-102; 50 U.S.C. 1701 
note) is amended--
        (1) in subsection (a)(1)--
            (A) in the matter preceding subparagraph (A), by striking 
        ``this Act'' and inserting ``the Hizballah International 
        Financing Prevention Amendments Act of 2018, and once every 2 
        years thereafter for the following 4 years'';
            (B) in subparagraph (D)(ii)(II), by striking ``and'' at the 
        end;
            (C) in subparagraph (E), by striking ``and free-trade 
        zones.'' and inserting ``free-trade zones, business 
        partnerships and joint ventures, and other investments in small 
        and medium-sized enterprises;''; and
            (D) by adding at the end the following:
            ``(F) a list of jurisdictions outside of Lebanon that 
        expressly consent to, or with knowledge allow, the use of their 
        territory by Hizballah to carry out terrorist activities, 
        including training, financing, and recruitment;
            ``(G) a description of the total aggregate revenues and 
        remittances that Hizballah receives from the global logistics 
        networks of Hizballah;
            ``(H) a list of Hizballah's sources of revenue, including 
        sources of revenue based on illicit activity, revenues from 
        Iran, charities, and other business activities;
            ``(I) a list of Hizballah's expenditures, including 
        expenditures for ongoing military operations, social networks, 
        and external operations;
            ``(J) a description of steps to be taken by Federal 
        agencies to combat the illicit tobacco trafficking networks 
        used by Hizballah;
            ``(K) an assessment of Hizballah's financial operations in 
        areas under its operational or political control in Lebanon and 
        Syria and available measures to target Hizballah's financial 
        operations in those areas;
            ``(L) a review of Hizballah's international operational 
        capabilities, including in the United States;
            ``(M) a review of--
                ``(i) the total number and value of Hizballah-related 
            assets seized and forfeited; and
                ``(ii) the total number of indictments, prosecutions, 
            and extraditions of Hizballah members or affiliates; and
            ``(N) a review of efforts by the United States to prevent 
        hostile activities by Iran and disrupt and degrade Hizballah's 
        illicit networks in the Western Hemisphere, including 
        interagency coordination to ensure that information-sharing, 
        interdictions, arrests, investigations, indictments, sanctions, 
        and designations related to Hizballah individuals or networks 
        in the Western Hemisphere are integrated, coordinated, and 
        publicly communicated by the United States in a manner that 
        supports United States interests.'';
        (2) by redesignating subsections (b) and (c) as subsections (c) 
    and (d), respectively;
        (3) by inserting after subsection (a) the following:
    ``(b) Enhanced Due Diligence.--
        ``(1) In general.--The President is authorized to require each 
    financial institution in the United States that knowingly maintains 
    a correspondent account or a payable-through account in the United 
    States for a foreign financial institution described in paragraph 
    (2) to establish enhanced due diligence policies, procedures, and 
    controls in accordance with section 5318(i)(2)(B) of title 31, 
    United States Code, and regulations to implement such section with 
    respect to such accounts.
        ``(2) Foreign financial institution described.--A foreign 
    financial institution described in this paragraph is a foreign 
    financial institution that the President determines provides 
    significant financial services to persons operating in a 
    jurisdiction identified in unclassified form in the list required 
    under subsection (a)(1)(F).
        ``(3) Definitions.--In this subsection, the terms 
    `correspondent account' and `payable-through account' have the 
    meanings given those terms in section 5318A of title 31, United 
    States Code.''; and
        (4) in subsection (c), as redesignated by paragraph (2)--
            (A) by striking ``this Act, and every 180 days 
        thereafter,'' and inserting ``the Hizballah International 
        Financing Prevention Amendments Act of 2018, and every 180 days 
        thereafter for the following 4 years,''; and
            (B) by adding before the period at the end the following: 
        ``and on any requirements for enhanced due diligence prescribed 
        under subsection (b)''.
    (b) Report on Estimated Net Worth of Senior Hizballah Members.--
        (1) In general.--Not later than 180 days after the date of the 
    enactment of this Act, the President shall submit to the 
    appropriate congressional committees a report that contains--
            (A) the estimated total net worth of each individual 
        described in paragraph (2); and
            (B) to the extent feasible, a description of how funds of 
        each individual described in paragraph (2) were acquired, and 
        how such funds have been used or employed.
        (2) Individuals described.--The individuals described in this 
    paragraph are the following:
            (A) The Secretary General of Hizballah.
            (B) Members of Hizballah's senior leadership or senior 
        associates of Hizballah that the President determines 
        materially assist or support Hizballah.
            (C) Any other individual that the President determines is a 
        senior foreign political figure of Hizballah.
        (3) Form of report; public availability.--
            (A) Form.--The report required under paragraph (1) shall be 
        submitted in unclassified form but may contain a classified 
        annex.
            (B) Public availability.--The unclassified portion of the 
        report required under paragraph (1) shall be made available to 
        the public in precompressed, easily downloadable versions that 
        are made available in all appropriate formats.
        (4) Definitions.--In this subsection:
            (A) Appropriate congressional committees.--The term 
        ``appropriate congressional committees'' means--
                (i) the Committee on Foreign Affairs, the Committee on 
            Financial Services, and the Permanent Select Committee on 
            Intelligence of the House of Representatives; and
                (ii) the Committee on Foreign Relations, the Committee 
            on Banking, Housing, and Urban Affairs, and the Select 
            Committee on Intelligence of the Senate.
            (B) Funds.--The term ``funds'' means--
                (i) cash;
                (ii) equity;
                (iii) any other intangible asset the value of which is 
            derived from a contractual claim, including bank deposits, 
            bonds, stocks, a security (as defined in section 2(a) of 
            the Securities Act of 1933 (15 U.S.C. 77b(a))), or a 
            security or an equity security (as those terms are defined 
            in section 3(a) of the Securities Exchange Act of 1934 (15 
            U.S.C. 78c(a))); and
                (iv) anything else of value that the Secretary of the 
            Treasury determines to be appropriate.
            (C) Senior foreign political figure.--The term ``senior 
        foreign political figure'' has the meaning given that term in 
        section 1010.605 of title 31, Code of Federal Regulations (or 
        any successor regulation).
    (c) Report on Individuals Who Are Members of the Lebanese 
Parliament and Who Identify as Members of Hizballah.--
        (1) In general.--Not later than 180 days after the date of the 
    enactment of this Act, the President shall transmit to the 
    appropriate congressional committees a report that contains the 
    following:
            (A) A list of individuals who are members of the Lebanese 
        Parliament and who identify as members of Hizballah.
            (B) A description of any significant conduct of individuals 
        on the list required under subparagraph (A) that the President 
        determines may be grounds for designation pursuant to Executive 
        Order 13224 (50 U.S.C. 1701 note; relating to blocking property 
        and prohibiting transactions with persons who commit, threaten 
        to commit, or support terrorism).
        (2) Form.--The report required under paragraph (1) shall be 
    transmitted in unclassified form, but may include a classified 
    annex.
        (3) Appropriate congressional committees defined.--In this 
    subsection, the term ``appropriate congressional committees'' 
    means--
            (A) the Committee on Foreign Affairs, the Committee on 
        Financial Services, and the Permanent Select Committee on 
        Intelligence of the House of Representatives; and
            (B) the Committee on Foreign Relations, the Committee on 
        Banking, Housing, and Urban Affairs, and the Select Committee 
        on Intelligence of the Senate.

                     TITLE III--GENERAL PROVISIONS

    SEC. 301. REGULATORY AUTHORITY.
    (a) In General.--The President shall, not later than 180 days after 
the date of the enactment of this Act, prescribe regulations as 
necessary for the implementation of this Act and the amendments made by 
this Act.
    (b) Notification to Congress.--Not later than 10 days before the 
prescription of regulations under subsection (a), the President shall 
notify the appropriate congressional committees regarding the proposed 
regulations and the provisions of this Act and the amendments made by 
this Act that the regulations are implementing.
    (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--
        (1) the Committee on Foreign Affairs and the Committee on 
    Financial Services of the House of Representatives; and
        (2) the Committee on Foreign Relations and the Committee on 
    Banking, Housing, and Urban Affairs of the Senate.
    SEC. 302. IMPLEMENTATION; PENALTIES; JUDICIAL REVIEW; EXEMPTIONS; 
      RULE OF CONSTRUCTION; EXCEPTION RELATING TO IMPORTATION OF GOODS.
    (a) In General.--Title I of the Hizballah International Financing 
Prevention Act of 2015 (Public Law 114-102; 50 U.S.C. 1701 note), as 
amended by sections 103 and 104 of this Act, is further amended by 
adding at the end the following:
    ``SEC. 105. IMPLEMENTATION; PENALTIES; JUDICIAL REVIEW; EXEMPTIONS; 
      RULE OF CONSTRUCTION.
    ``(a) Implementation.--The President may exercise all authorities 
provided under sections 203 and 205 of the International Emergency 
Economic Powers Act (50 U.S.C. 1702 and 1704) to carry out sections 
101, 102, 103, and 201 of this Act.
    ``(b) Penalties.--The penalties provided for in subsections (b) and 
(c) of section 206 of the International Emergency Economic Powers Act 
(50 U.S.C. 1705) shall apply to a person that violates, attempts to 
violate, conspires to violate, or causes a violation of regulations 
prescribed to carry out section 101, 102, 103, or 201 of this Act to 
the same extent that such penalties apply to a person that commits an 
unlawful act described in subsection (a) of such section 206.
    ``(c) Procedures for Judicial Review of Classified Information.--
        ``(1) In general.--If a finding under section 101, 102, 103, or 
    201 of this Act, or a prohibition, condition, or penalty imposed as 
    a result of any such finding, is based on classified information 
    (as defined in section 1(a) of the Classified Information 
    Procedures Act (18 U.S.C. App.)) and a court reviews the finding or 
    the imposition of the prohibition, condition, or penalty, the 
    President may submit such information to the court ex parte and in 
    camera.
        ``(2) Rule of construction.--Nothing in this subsection shall 
    be construed to confer or imply any right to judicial review of any 
    finding under section 101, 102, 103, or 201 of this Act, or any 
    prohibition, condition, or penalty imposed as a result of any such 
    finding.
    ``(d) Exemptions.--The following activities shall be exempt from 
sections 101, 102, 103, and 201 of this Act:
        ``(1) Any authorized intelligence, law enforcement, or national 
    security activities of the United States.
        ``(2) Any transaction necessary to comply with United States 
    obligations under the Agreement between the United Nations and the 
    United States of America regarding the Headquarters of the United 
    States, signed at Lake Success June 26, 1947, and entered into 
    force November 21, 1947, or the Convention on Consular Relations, 
    done at Vienna April 24, 1963, and entered into force March 19, 
    1967, or any other United States international agreement.
    ``(e) Rule of Construction.--Nothing in section 101, 102, 103, or 
201 of this Act shall be construed to limit the authority of the 
President under the International Emergency Economic Powers Act (50 
U.S.C. 1701 et seq.) or under any other provision of law.
    ``(f) Exception Relating to Importation of Goods.--
        ``(1) In general.--The authorities and requirements to impose 
    sanctions under this Act shall not include the authority or 
    requirement to impose sanctions on the importation of goods.
        ``(2) Definition.--In this subsection, the term `good' means 
    any article, natural or manmade substance, material, supply or 
    manufactured product, including inspection and test equipment, and 
    excluding technical data.''.
    (b) Clerical Amendment.--The table of contents for the Hizballah 
International Financing Prevention Act of 2015, as amended by this Act, 
is further amended by inserting after the item relating to section 104, 
as added by section 104(b) of this Act, the following new item:

``Sec. 105. Implementation; penalties; judicial review; exemptions; rule 
          of construction.''.

    (c) Conforming Amendments.--Section 102 of the Hizballah 
International Financing Prevention Act of 2015 (Public Law 114-102; 50 
U.S.C. 1701 note) is amended--
        (1) in subsection (a), by striking paragraphs (3) and (4);
        (2) by striking subsection (e); and
        (3) by redesignating subsection (f) as subsection (e).
    SEC. 303. REPORT CONSOLIDATION AND MODIFICATION.
    (a) In General.--Any and all reports required to be submitted to 
Congress under this Act or the Hizballah International Financing 
Prevention Act of 2015 (Public Law 114-102; 50 U.S.C. 1701 note) that 
are subject to a deadline for submission consisting of the same unit of 
time may be consolidated into a single report that is submitted to 
Congress pursuant to such deadline.
    (b) Matters to Be Included.--Any report that is consolidated into a 
single report as described in subsection (a) shall contain all 
information required under this Act or the Hizballah International 
Financing Prevention Act of 2015 in addition to all other elements 
required by previous law.
    (c) Reports Modification.--The North Korea Sanctions and Policy 
Enhancement Act of 2016 is amended as follows:
        (1) In section 209(a)(3)(A) (22 U.S.C. 9229(a)(3)(A)), by 
    striking ``not later than 90 days after the date of the enactment 
    of this Act, and every 180 days thereafter'' and inserting ``not 
    later than 90 days after the date of the enactment of the Hizballah 
    International Financing Prevention Amendments Act of 2018, and 
    every 180 days thereafter for 5 years''.
        (2) In section 302(a) (22 U.S.C. 9241(a)), by striking ``Not 
    later than 180 days after the date of the enactment of this Act'' 
    and inserting ``Not later than 120 days after the date of the 
    enactment of the Hizballah International Financing Prevention 
    Amendments Act of 2018, and periodically thereafter''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.
```