House Unanimously Passes Bill Targeting Finances for Terrorsit Organizations

AIPAC Press Release
House Unanimously Passes Bill Targeting Finances for Terrorist Organizations

July 23, 2014

AIPAC commends the House of Representatives for unanimously adopting critical legislation to cut off the terrorist group Hezbollah from the international financing system. The Hezbollah International Financing Prevention Act of 2014 (H.R. 4411) was authored by Reps Mark Meadows (R-NC) and Brad Schneider (D-IL), along with House Foreign Affairs Committee Chairman Ed Royce (R-CA) and Ranking Member Eliot Engel (D-NY).

A key provision of the bill would force international financial institutions to choose between doing business with Hezbollah or the United States. The measure would sanction foreign financial institutions that knowingly facilitate the activities of Hezbollah, including through the provision of significant financial services.

Hezbollah, an Iranian-backed terrorist group, poses a direct threat to American and Israeli security, dominates the Lebanese government, fights for the Syrian Assad regime, and possesses an arsenal of more than 100,00 rockets. Passage of the bill comes at a time when another Islamist terrorist organization, Hamas, has attacked Israel with over two thousand rockets aimed at civilians. Hezbollah has announced support for Hamas’ terrorist actions.

Hezbollah has killed more Americans than any terrorist group other than al-Qaeda, and has recently carried out or attempted to carry out attacks in Bulgaria, Thailand, Azerbaijan and elsewhere.

A companion bill has been introduced in the Senate (S. 2329) by Sens. Jeanne Shaheen (D-NH) and Marco Rubio (R-FL).  AIPAC urges the Senate to take action on this critical legislation.