Comment on House moves to block Hezbollah funds by giving Treasury more power to punish banks

House moves to block Hezbollah funds by giving Treasury more power to punish banks

US lawmakers voted Tuesday to thwart efforts to fund Hezbollah by punishing banks and other financial organizations that help the funneling of money to the Lebanese Shiite militant group. The House of Representatives voted unanimously to broaden financial sector sanctions on Hezbollah and allow the US Treasury more power to “relentlessly” pursue foreign banks, including central banks, that do business with the group that Washington designated a foreign terrorist organization in 1995. The Senate would need to pass the legislation before President Barack Obama signs it into law.

 

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