The Treasury and State Departments would either prohibit or impose strict conditions on foreign financial institutions that do business with Hezbollah. These sanctions would prevent the banks and their customers from opening accounts in the U.S. Foreign banks could trigger these sanctions by:
Knowingly facilitating a significant transaction or transactions for Hezbollah.
Transacting business with person who is associated with Hezbollah or acts on the behalf of Hezbollah.
Engaging in money laundering or facilitating, assisting, or conspiring to participate in transactions related to either of the above actions.
Exemptions/waivers for these sanctions would be available to the Treasury State Departments if they decide sanctions on these institutions poses a threat to national security. These exemptions would have to be explained to the related congressional committees.
Reports would be compiled on Hezbollah’s narcotics trafficking, its status as an international terrorist organization, and foreign governments’ attempts to disrupt Hezbollah’s financial network. There would also be reports on broadcasters sanctioned that carry Al-Manar TV network.
Rewards would be made available for information about Hezbollah’s fundraising, financing, and money laundering activities.