By a resounding vote of 404-0, the House on July 22 passed the Hezbollah International Financing Prevention Act of 2014 (H.R. 4411), which aims to cut off the terrorist group Hezbollah from the international financial system. Authored in the House by Reps. Mark Meadows (R-NC), Brad Schneider (D-IL), Ed Royce (R-CA) and Eliot Engel (D-NY), the legislation would force international financial institutions to choose between doing business with Hezbollah or the United States. A similar measure in the Senate (S. 2329) led by Sens. Jeanne Shaheen (D-NH) and Marco Rubio (R-FL) remains pending.
Hezbollah, an Iranian-backed terrorist group, poses a direct threat to American and Israeli security, dominates the Lebanese government, fights for the Assad regime, and possesses an arsenal of more than 100,000 rockets. The group has killed more Americans than any terrorist group other than al-Qaeda, and has carried out or attempted attacks recently in Bulgaria, Thailand, Azerbaijan and elsewhere.