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A Hezbollah sanctions bill expected to be introduced shortly in the House would allow the Treasury Department to target central banks and other financial institutions that "knowingly engage" with the US-designated terrorist group, according to a draft summary of the bill obtained by Al-Monitor.
The Hezbollah International Financing Prevention Act, according to the draft, "takes a comprehensive approach to one of the greatest threats to the United States." It will be introduced by Reps. Mark Meadows, R-N.C., and Brad Schneider, D-Ill., both members of the House Foreign Affairs panel on the Middle East, and is backed by committee Chairman Ed Royce, R-Calif., and ranking member Eliot Engel, D-N.Y., greatly boosting its chances of becoming law.
