I 
109TH CONGRESS 
1ST SESSION H. R. 3370 
To require the Secretary of the Treasury to take certain actions with regard 
to the Arab Bank, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 20, 2005 
Mr. WEINER (for himself, Mr. CROWLEY, Mrs. MALONEY, and Ms. BERKLEY) 
introduced the following bill; which was referred to the Committee on Fi-
nancial Services, and in addition to the Committee on International Rela-
tions, 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 
A BILL 
To require the Secretary of the Treasury to take certain 
actions with regard to the Arab Bank, and for other 
purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Arab Bank Account-
ability Act’’. 
SEC. 2. RELEASE OF DOCUMENTS AND INFORMATION. 
(a) IN GENERAL.—The Secretary of the Treasury 
shall release any documents and information in the posses-
sion of the Secretary relating to the Arab Bank, including 
any branch or agency (as defined in section 1(b) of the 
International Banking Act of 1978) of the Arab Bank, 
concerning any activities of the Arab Bank that are sub-
ject to the regulation of the Secretary under subchapter 
II of chapter 53 of title 31, United States Code, including 
any records derived by the Secretary under section 
5318(k)(3) of such title, and any records derived from any 
investigation by the Secretary of any possible violations 
by the Arab Bank, or any such branch or agency, of any 
provision of such subchapter or any other Federal law. 
(b) EXCEPTION FOR ONGOING CRIMINAL OR OTHER 
INVESTIGATION.—Subsection (a) shall not apply to the re-
lease of any documents or information which the Secretary 
determines would impede or hinder a criminal or civil in-
vestigation of the Arab Bank by the Secretary or another 
Federal law enforcement agency. 
SEC. 3. BLOCKING OF ARAB BANK ASSETS IN THE UNITED 
STATES. 
Under the authorities designated in Executive Order 
Numbered 13224 of September 23, 2001 (relating to 
blocking property and prohibiting transactions with per-
sons who commit, threaten to commit, or support ter-
rorism), the President shall block all property and inter-
ests in property of the Arab Bank within the United
States, including any branch or agency (as defined in sec-
tion 1(b) of the International Banking Act of 1978) of 
the Arab Bank, and any such property or interests in 
property shall be available for payment of any judgment 
of any court in the United States of competent jurisdiction 
against the Arab Bank for money damages, which may 
include economic damages, solatium, and damages for 
pain and suffering, in any civil action against the Arab 
Bank by any victims of any terrorist act which the judg-
ment of the court determines was supported by the Arab 
Bank or with which the Arab Bank was in any other way 
connected. 
SEC. 4. DISSOLUTION OF CHARTER. 
After any judgment referred to in section 3 becomes 
final, the Board of Governors of the Federal Reserve Sys-
tem and the Comptroller of the Currency shall take any 
action necessary to terminate any branch or agency of the 
Arab Bank in the United States under the International 
Banking Act of 1978 and to prohibit the Arab Bank from 
maintaining any interest in any commercial lending com-
pany within the United States. 
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