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ICYMI: Iran-Backed Hezbollah Condemns Rubio Bill To Block Its Financing

Nov 23, 2015 | Press Releases

Hezbollah Condemns Senate Bill To Block Its Financing
Associated Press
November 23, 2015
http://bigstory.ap.org/article/3dc4a4e6bc5b4575be535ad69c049d8f/hezbollah-condemns-senate-bill-block-its-financing
 
Lebanon’s militant Hezbollah group has condemned a bill approved by the Senate to block its financing, describing it as “a new crime by American institutions against our people and nation.”
 
Hezbollah said in a statement Monday that the American “aggression” the group is facing is the price for “resisting all evil projects against our holy places, rights, nations and people.”
 
Last week, the U.S. Senate approved a bill led by New Hampshire Democrat Jeanne Shaheen and Florida Republican Marco Rubio to block financing to Hezbollah and limit its access to logistical support.
 

 
Keep reading here.
 
BACKGROUND:
 
On November 17, 2015, the U.S. Senate approved the “Hizballah International Financing Prevention Act of 2015,” a bipartisan effort led by U.S. Senators Marco Rubio (R-FL) and Jeanne Shaheen (D-NH) to block the terrorist organization’s financing and limit the group’s access to logistical support.
 
The bill aims to sanction international financial institutions that knowingly engage in business with Hizballah (Hezbollah) and its enablers. It also identifies the organization’s satellite and internet providers that facilitate its messages to the al-Manar Hizballah television station. The President would also be required to report to Congress on Hizballah’s involvement in narcotics trafficking and transnational crime as well as its global logistics networks and fundraising, financing, and money laundering activities, then ensure that adequate steps are being taken to root them out.
 
The U.S. House of Representatives is expected to consider the legislation in the coming days.