Congressional Committee Considers Enhancing Hezbollah Sanctions
WASHINGTON (JTA) — A congressional committee convened on Thursday consider enhancing sanctions targeting Hezbollah, the Lebanese terror group and Iranian ally.
House Foreign Affairs Committee chairman Ed Royce said the 2015 Hezbollah International Financing Prevention Act was a good start, but needed enhancement as Hezbollah still remained a threat to Israel.
“Part II of this legislation is coming,” he said in his opening remarks. “But unfortunately that’s of little comfort to Israelis staring down an arsenal of rockets that sit just across the border in Lebanon, or the Syrians being slaughtered at the hands of these terrorists.”
Witnesses counseled, among other measures, expanding existing sanctions on financial institutions connected to Hezbollah to include “secondary” sanctions, targeting entities that deal with the sanctioned institutions.
David Asher, a finance expert testifying on behalf of the Foundation for Defense of Democracies, described the reach of Hezbollah’s alleged criminal enterprises, which he said funds its terrorist activities.
“Hezbollah, partnered with Latin American cartels and paramilitary partners, is now one of the largest exporters of narcotics from South and Central America to West Africa into Europe and is perhaps the world’s largest money laundering organization,” he testified.
A message from our CEO & publisher Rachel Fishman Feddersen
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and polarized discourse..
Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.
— Rachel Fishman Feddersen, Publisher and CEO