[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.
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