Oct 1, 2020
Press Release

On September 30, Congressman Joe Wilson, Ranking Member of the Middle East, North Africa, and International Terrorism Subcommittee of the House Foreign Affairs Committee and Chairman of the Republican Study Committee’s (RSC) Foreign Affairs and National Security Task Force, introduced H.R. 8445 The Hezbollah Money Laundering Prevention Act of 2020. This far-reaching legislation, based upon recommendations made by the RSC’s “National Security Strategy,” would stop the Iranian backed terrorist organization Hezbollah’s money laundering activities across the world, especially in Lebanon and Latin America, by requiring the President to make a determination that areas under the terrorist organization’s control — in south Lebanon and in the tri-border region in South America —  are “primary money laundering concerns” under Section 311 of the PATRIOT Act.

“This bill represents the toughest sanctions on Hezbollah ever proposed by Congress. By cutting off banks in areas under the terror group’s control from the international financial system, this bill will go a long way towards drying up the Iranian terror proxy’s resources to conduct murderous attacks against the U.S. and our allies. This bill will make it much harder for Hezbollah to do Iran’s bidding in propping up the criminal Assad regime, the Houthis in Yemen, and continue to destabilize the Middle East,” said Congressman Wilson. “I am grateful that twelve of my colleagues on the Republican Study Committee joined me on this bill as original co-sponsors and I hope that it will send a strong message to the White House that Republicans in Congress continue to support a hard line on Iran.”

NOTE: Original cosponsors of H.R. 8445 are Representatives Ann Wagner (MO-02), Scott Perry (PA-10), Ted Yoho (FL-03), Tim Burchett (TN-02), Mark Walker (NC-06), Greg Steube (FL-17), Trent Kelly (MS-01), Don Bacon (NE-02), Clay Higgins (LA-03), Paul Gosar (AZ-04), Debbie Lesko (AZ-08), and Tom McClintock (CA-04).