Hizballah Money Laundering Prevention Act of 2021

Summary

Hizballah Money Laundering Prevention Act of 2021 This bill establishes measures to deter money laundering by Hizballah in Lebanon. 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 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 Hizballah.

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Timeline

1. 13 May 2021

   Introduced

   Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

   Source: IntroReferral

2. 13 May 2021

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 13 May 2021 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 13 May 2021

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 13 May 2021

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 13 May 2021

  Open at official source

Sponsors

• Marsha Blackburn · R · Sponsor
• Tom Cotton · R · Sponsor
• Thomas Tillis · R · Sponsor
• Ted Cruz · R · Cosponsor
• · ssbk00 · Standing

Related records

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