Title: Hizballah International Financing Prevention Amendments Act of 2018
Policy area: International Affairs

Summary:
Hizballah International Financing Prevention Amendments Act of 2017
This bill amends the Hizballah International Financing Prevention Act of 2015 to impose specified sanctions on: (1) foreign persons that knowingly assist in or provide support for fund raising or recruitment activities for Hizballah; (2) agencies of foreign governments that provide Hizballah with financial support, arms, or other assistance; and (3) Hizballah by reason of its narcotics trafficking and significant transnational criminal activities.
The bill prescribes reporting requirements or reporting modifications with respect to: (1) foreign persons that knowingly assist or provide significant financial, material, or technological support for foreign persons assisting Hizballah; (2) financial institutions that are owned or organized under the laws of state sponsors of terrorism; (3) Hizballah's racketeering activities; (4) combating illicit tobacco trafficking networks used by Hizballah and other foreign terrorist organizations to finance their operations; (5) the estimated net worth of senior Hizballah officials and how their funds were acquired and used; and (6) revenue from Hizbollah's global logistics networks and legal measures available to target such networks.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 1595 Introduced in Senate (IS)]

<DOC>






115th CONGRESS
  1st Session
                                S. 1595

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 20, 2017

Mr. Rubio (for himself and Mrs. Shaheen) introduced the following bill; 
which was read twice and referred to the Committee on Banking, Housing, 
                           and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
 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 2017''.
    (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 agencies and instrumentalities of foreign 
                            states that support Hizballah.
TITLE II--NARCOTICS TRAFFICKING AND SIGNIFICANT TRANSNATIONAL CRIMINAL 
                        ACTIVITIES OF HIZBALLAH

Sec. 201. Blocking of property of Hizballah.
Sec. 202. Report on racketeering activities engaged in by Hizballah.
Sec. 203. Modification of report on activities of foreign governments 
                            to disrupt global logistics networks and 
                            fundraising, financing, and money 
                            laundering activities of Hizballah.
Sec. 204. Report on combating the illicit tobacco trafficking networks 
                            used by Hizballah and other foreign 
                            terrorist organizations.
                     TITLE III--GENERAL PROVISIONS

Sec. 301. Regulatory authority.
Sec. 302. Exceptions.
Sec. 303. Rule of construction.

 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 impose the sanctions 
described in subsection (b) with respect to any foreign person that the 
President determines knowingly assists, sponsors, or provides 
significant financial, material, or technological support for--
            ``(1) Bayt al-Mal, Jihad al-Bina, the Islamic Resistance 
        Support Association, or any successor or affiliate thereof;
            ``(2) al-Manar TV, al Nour Radio, or the Lebanese Media 
        Group, or any successor or affiliate thereof;
            ``(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 foreign 
        person described in paragraph (1), (2), or (3).
    ``(b) Sanctions Described.--
            ``(1) In general.--The sanctions described in this 
        subsection are the following:
                    ``(A) 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.
                    ``(B) Aliens ineligible for visas, admission, or 
                parole.--
                            ``(i) Visas, admission, or parole.--An 
                        alien who the President 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.).
                            ``(ii) Current visas revoked.--
                                    ``(I) In general.--The issuing 
                                consular officer, the Secretary of 
                                State, or the Secretary of Homeland 
                                Security 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 subclause (I) shall 
                                take effect immediately and shall 
                                automatically cancel any other valid 
                                visa or entry documentation that is in 
                                the possession of the alien.
            ``(2) 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 under paragraph 
        (1)(A) 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) 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 this 
section.
    ``(d) Procedures for Judicial Review of Classified Information.--
            ``(1) In general.--If a finding under this section, 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 this section or any prohibition, 
        condition, or penalty imposed as a result of any such finding.
    ``(e) 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) Consultation.--
                    ``(A) Before waiver issued.--Before a waiver under 
                paragraph (1) takes effect with respect to a foreign 
                person, the President shall notify and brief the 
                appropriate congressional committees on the status of 
                the involvement of the foreign person in activities 
                described in subsection (a).
                    ``(B) After waiver issued.--Not later than 90 days 
                after the issuance of a waiver under paragraph (1) with 
                respect to a foreign person, and every 120 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).
    ``(f) Report.--Not later than 90 days after the date of the 
enactment of the Hizballah International Financing Prevention 
Amendments Act of 2017, and every 180 days thereafter, the President 
shall submit to the appropriate congressional committees a report that 
lists the foreign persons that the President has credible evidence 
knowingly assists, sponsors, or provides significant financial, 
material, or technological support for the foreign persons described in 
paragraph (1), (2), (3), or (4) of subsection (a).
    ``(g) 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, and the Committee on Financial Services of 
                the House of Representatives; and
                    ``(B) the Committee on Foreign Relations, the 
                Committee on Finance, the Committee on Banking, 
                Housing, and Urban Affairs, and the Committee on the 
                Judiciary of the Senate.
            ``(3) Entity.--The term `entity' means a partnership, 
        association, corporation, or other organization, group, or 
        subgroup.
            ``(4) Hizballah.--The term `Hizballah' has the meaning 
        given such term in section 102(f).
            ``(5) Person.--The term `person' means an individual or 
        entity.
            ``(6) United states person.--The term `United States 
        person' means a United States citizen, permanent resident 
        alien, 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.

    Subsection (d) of section 102 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 90 days after the date of 
        the enactment of the Hizballah International Financing 
        Prevention Amendments Act of 2017, and every 180 days 
        thereafter, 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);
                    ``(B) provides a detailed description of each such 
                activity; and
                    ``(C) contains a determination with respect to each 
                such foreign financial institution that is identified 
                under subparagraph (A) as engaging in one or more 
                activities described in subsection (a)(2) as to whether 
                such foreign financial institution is in violation of 
                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) by reason of engaging in one or more such 
                activities.
            ``(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.--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 6(j) of the Export 
                        Administration Act of 1979 (50 U.S.C. 4605(j)) 
                        (as continued in effect pursuant to the 
                        International Emergency Economic Powers Act (50 
                        U.S.C. 1701 et seq.));
                            ``(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 AGENCIES AND INSTRUMENTALITIES OF FOREIGN 
              STATES THAT SUPPORT HIZBALLAH.

    (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 AGENCIES AND INSTRUMENTALITIES OF FOREIGN 
              STATES THAT SUPPORT HIZBALLAH.

    ``(a) In General.--Not later than 120 days after the date of the 
enactment of this section, and as appropriate thereafter, the President 
shall block and prohibit all transactions in all property and interests 
in property of any agency or instrumentality of a foreign state 
described in subsection (b) 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) Agency or Instrumentality of a Foreign State Described.--An 
agency or instrumentality of a foreign state described in this 
subsection is an agency or instrumentality of a foreign state that the 
President determines knowingly and materially assists, sponsors, or 
provides significant financial, material, or technological support for, 
goods or services to or in support of, or arms or related material to--
            ``(1) Hizballah;
            ``(2) an entity owned or controlled by Hizballah; or
            ``(3) an entity that the President determines has acted or 
        purported to act for or on behalf of Hizballah.
    ``(c) 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 under subsection (a) to the same extent that such penalties 
apply to a person that commits an unlawful act described in subsection 
(a) of such section 206.
    ``(d) 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 this 
section.
    ``(e) Procedures for Judicial Review of Classified Information.--
            ``(1) In general.--If a finding under this section, 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 this section or any prohibition, 
        condition, or penalty imposed as a result of any such finding.
    ``(f) 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 in the national 
        security interests of the United States.
            ``(2) Consultation.--
                    ``(A) Before waiver issued.--Before a waiver under 
                paragraph (1) takes effect with respect to an agency or 
                instrumentality of a foreign state, the President shall 
                notify and brief the appropriate congressional 
                committees on the status of the involvement of the 
                agency or instrumentality in activities described in 
                subsection (b).
                    ``(B) After waiver issued.--Not later than 90 days 
                after the issuance of a waiver under paragraph (1) with 
                respect to an agency or instrumentality of a foreign 
                state, and every 120 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 (b).
    ``(g) Definitions.--In this section:
            ``(1) Agency or instrumentality of a foreign state; foreign 
        state.--The terms `agency or instrumentality of a foreign 
        state' and `foreign state' have the meanings given those terms 
        in section 1603 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, and the Committee on the Judiciary of the 
                House of Representatives; and
                    ``(B) the Committee on Foreign Relations, the 
                Committee on Banking, Housing, and Urban Affairs, and 
                the Committee on the Judiciary of the Senate.
            ``(3) Arms or related material.--The term `arms or related 
        material' 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;
                    ``(C) destabilizing numbers and types of advanced 
                conventional weapons;
                    ``(D) defense articles or defense services, as 
                those terms are defined in paragraphs (3) and (4), 
                respectively, of section 47 of the Arms Export Control 
                Act (22 U.S.C. 2794);
                    ``(E) defense information, as that term is defined 
                in section 644 of the Foreign Assistance Act of 1961 
                (22 U.S.C. 2403); or
                    ``(F) items designated by the President for 
                purposes of the United States Munitions List under 
                section 38(a)(1) of the Arms Export Control Act (22 
                U.S.C. 2778(a)(1)).
            ``(4) Hizballah.--The term `Hizballah' has the meaning 
        given that term in section 102(f).''.
    (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 agencies and instrumentalities of foreign 
                            states that support Hizballah.''.

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

SEC. 201. BLOCKING OF PROPERTY OF HIZBALLAH.

    (a) 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. BLOCKING OF PROPERTY OF HIZBALLAH.

    ``(a) Findings.--Congress finds that Hizballah conducts narcotics 
trafficking and significant transnational criminal activities.
    ``(b) Blocking of Property.--Not later than 120 days after the date 
of the enactment of the Hizballah International Financing Prevention 
Amendments Act of 2017, and as appropriate thereafter, the President 
shall block and prohibit all transactions in all property and interests 
in property of Hizballah 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.
    ``(c) 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 under subsection (b) to the same extent that such penalties 
apply to a person that commits an unlawful act described in subsection 
(a) of such section 206.
    ``(d) 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 this 
section.
    ``(e) Procedures for Judicial Review of Classified Information.--
            ``(1) In general.--If a finding under this section, 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 this section or any prohibition, 
        condition, or penalty imposed as a result of any such finding.
    ``(f) 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.
    ``(g) Definition.--In this section, the term `Hizballah' has the 
meaning given that term in section 102(f).''.
    (b) 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--IMPOSITION OF SANCTIONS WITH RESPECT TO HIZBALLAH 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. Blocking of property of Hizballah.''.

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 120 days after the date of the 
enactment of the Hizballah International Financing Prevention 
Amendments Act of 2017, and annually thereafter for the following 5 
years, the President shall submit to the appropriate congressional 
committees a report on the following:
            ``(1) Activities that Hizballah, and agents and affiliates 
        of Hizballah, have engaged in that are racketeering activities.
            ``(2) The extent to which Hizballah, and agents and 
        affiliates of Hizballah, engage in a pattern of 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, and the Committee on Financial 
                Services of the House of Representatives; and
                    ``(B) the Committee on the Judiciary, the Committee 
                on Foreign Relations, and the Committee on Banking, 
                Housing, and Urban Affairs of the Senate.
            ``(2) Hizballah.--The term `Hizballah' has the meaning 
        given that term in section 102(f).
            ``(3) Racketeering activity.--The term `racketeering 
        activity' has the meaning given that term in section 1961(1) of 
        title 18, United States Code.''.
    (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 GLOBAL LOGISTICS NETWORKS AND FUNDRAISING, 
              FINANCING, AND MONEY LAUNDERING ACTIVITIES OF 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 
                2017, and annually thereafter for the following 5 
                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 provinces, municipalities, and 
                local governments outside of Lebanon that expressly 
                consent to, or with knowledge allow, tolerate, or 
                disregard 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, including--
                            ``(i) a list of Hizballah's sources of 
                        revenue, including sources of revenue based on 
                        illicit activity, revenues from Iran, 
                        charities, and other business activities; and
                            ``(ii) a list of Hizballah's expenditures, 
                        including expenditures for ongoing military 
                        operations, social networks, and external 
                        operations; and
                    ``(H) a survey of national and transnational legal 
                measures available to target Hizballah's financial 
                networks.'';
            (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 shall prescribe, as 
        necessary, enhanced due diligence policies, procedures, and 
        controls for United States financial institutions, and foreign 
        financial institutions maintaining correspondent accounts or 
        payable-through accounts with United States financial 
        institutions, that provide significant financial services for 
        persons and entities operating in a jurisdiction included in 
        the list required under subsection (a)(1)(F) if the President 
        certifies and reports to the appropriate congressional 
        committees that it is in the national security interest of the 
        United States to do so.
            ``(2) 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) 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, and not less frequently than 
        annually thereafter for the following 2 years, the Secretary of 
        the Treasury 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) 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 the Hizballah Politburo.
                    (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 and posted on the website 
                of the Department of the Treasury in precompressed, 
                easily downloadable versions that are made available in 
                all appropriate formats.
            (4) Sources of information.--In preparing the report 
        required under paragraph (1), the Secretary of the Treasury may 
        use any credible publication, database, or web-based resource, 
        and any credible information compiled by any government agency, 
        nongovernmental organization, or other entity provided to or 
        made available to the Secretary.
            (5) Definitions.--In this subsection:
                    (A) Appropriate congressional committees.--The term 
                ``appropriate congressional committees'' means--
                            (i) the Committee on Foreign Affairs and 
                        the Committee on Financial Services of the 
                        House of Representatives; and
                            (ii) the Committee on Foreign Relations and 
                        the Committee on Banking, Housing, and Urban 
                        Affairs 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).

SEC. 204. REPORT ON COMBATING THE ILLICIT TOBACCO TRAFFICKING NETWORKS 
              USED BY HIZBALLAH AND OTHER FOREIGN TERRORIST 
              ORGANIZATIONS.

    (a) 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 on combating the illicit tobacco 
trafficking networks used by Hizballah and other foreign terrorist 
organizations to finance their operations, as described in the report 
submitted to Congress in December 2015 by the Department of State, the 
Department of Justice, the Department of the Treasury, the Department 
of Homeland Security, and the Department of Health and Human Services 
entitled, ``The Global Illicit Trade in Tobacco: A Threat to National 
Security.''.
    (b) Matters To Be Addressed.--The report required by subsection (a) 
shall include the following:
            (1) A description of the steps to be taken by Federal 
        agencies to combat the illicit tobacco trafficking networks 
        used by Hizballah, other foreign terrorist organizations, and 
        other illicit actors.
            (2) A description of the steps to be taken to engage State 
        and local law enforcement authorities in efforts to combat 
        illicit tobacco trafficking networks operating within the 
        United States.
            (3) A description of the steps to be taken to engage 
        foreign government law enforcement and intelligence authorities 
        in efforts to combat illicit tobacco trafficking networks 
        operating outside the United States.
            (4) Recommendations for legislative or administrative 
        action needed to address the threat of illicit tobacco 
        trafficking networks.
    (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--
            (1) the Committee on Foreign Affairs, the Committee on 
        Armed Services, the Committee on Homeland Security, the 
        Committee on the Judiciary, the Committee on Financial 
        Services, and the Committee on Ways and Means of the House of 
        Representatives; and
            (2) the Committee on Foreign Relations, the Committee on 
        Armed Services, the Committee on Homeland Security and 
        Governmental Affairs, the Committee on the Judiciary, the 
        Committee on Banking, Housing, and Urban Affairs, and the 
        Committee on Finance 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. EXCEPTIONS.

    This Act and the amendments made by this Act shall not apply to the 
following:
            (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--
                    (A) the Agreement between the United Nations and 
                the United States of America regarding the Headquarters 
                of the United Nations, signed at Lake Success June 26, 
                1947, and entered into force November 21, 1947;
                    (B) the Convention on Consular Relations, done at 
                Vienna April 24, 1963, and entered into force March 19, 
                1967; or
                    (C) any other international treaty.

SEC. 303. RULE OF CONSTRUCTION.

    Nothing in this Act or an amendment made by 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 
any other provision of law.
                                 <all>