Congress Adopts Bill Targeting Hezbollah Finances

AIPAC Press Release
Congress Adopts Bill Targeting Hezbollah Finances
December 16, 2015

AIPAC commends Congress for final passage of critical legislation to cut off the terrorist group Hezbollah from the international finance system. The House today unanimously passed the final version of the Hezbollah International Financing Prevention Act. The bill originated in the House and gained Senate approval last month. This legislation provides an important tool against Iranian aggression in the region. 

A key provision of the bill could force international financial institutions to choose between doing business with Hezbollah or the United States. The measure would allow sanctions on foreign financial institutions that knowingly facilitate the activities of the Iranian proxy, Hezbollah, by providing 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 Assad regime in Syria, and possesses an arsenal of 150,000 rockets and missiles. Hezbollah has killed more Americans than any terrorist group other than al-Qaeda, and has recently attempted attacks, some successfully, in multiple countries including Bulgaria, Thailand, and Azerbaijan.

AIPAC appreciates the leadership of Sens. Marco Rubio (R-FL) and Jeanne Shaheen (D-NH) along with Reps. Ed Royce (R-CA) and Eliot Engel (D-NY), who authored the original legislation.