This bill would require the president to expand federal sanctions on foreign people and entities that engage in fundraising and recruitment activities for Hezbollah (also spelt Hizballah), a terror group based in Lebanon. Those affiliated with Hezbollah would be unable to transfer, pay, export, or withdraw assets held in the U.S. and would be barred from entering the country. The president would periodically update the list of sanctioned entities and individuals and provide reports to Congress on the status of sanctions.
The bill would also require federal agencies to develop policies and prepare reports related to Hezbollah related to the group’s cooperation with foreign governments, racketeering, tobacco trafficking, and illicit transactions with foreign financial institutions.
The president would have the authority to waive sanctions if it’s determined that implementing them would be contrary to U.S. national security interests.