NEW YORK, Nov. 18, 2015 /PRNewswire-USNewswire/ -- AJC praised the U.S. Senate for adopting unanimously the Hezbollah International Financing Prevention Act. The bipartisan bill calls on the President to determine if Hezbollah meets the criteria for designation as a significant foreign narcotics trafficker and a transnational criminal organization. The bill, strongly supported by AJC, also levies sanctions on financial institutions that help the Lebanon-based terrorist group launder money.
"Hezbollah is not just a global terrorist organization that has murdered Americans, Israelis, Syrians and citizens of other nations," said Jason Isaacson, AJC Associate Executive Director for Policy. "Hezbollah's drug business, money laundering, and other criminal activities are critical for funding its terrorism."
For years AJC has urged international vigilance and action to combat Hezbollah's global terror. Following the Hezbollah-instigated terrorist attacks in Bulgaria and Cyprus in 2012, AJC conducted hundreds of meetings with European leaders, and in 2013 the European Union designated Hezbollah's "military wing" a terrorist organization. The U.S. designated Hezbollah a terrorist organization in 1997.
Senators Jeanne Shaheen (D-NH) and Marco Rubio (R-FL) introduced the Hezbollah International Financing Prevention Act. The House bill, sponsored by House Foreign Affairs Chairman Ed Royce (R-CA), passed unanimously in May.
The bill now will go to President Obama for his signature.