REPORT ON ACTIVITIES OF FOREIGN GOVERNMENTS TO DISRUPT GLOBAL LOGISTICS NETWORKS AND FUNDRAISING, FINANCING, AND MONEY LAUNDERING ACTIVITIES OF HIZBALLAH.

SEC. 204. REPORT ON ACTIVITIES OF FOREIGN GOVERNMENTS TO DISRUPT GLOBAL LOGISTICS NETWORKS AND FUNDRAISING, FINANCING, AND MONEY LAUNDERING ACTIVITIES OF HIZBALLAH.(a) Report.—(1) In general.—Not later than 90 days after the date of the enactment of this Act, the President shall submit to the appropriate congressional committees a report that includes—(A) a list of countries that support Hizballah or in which Hizballah maintains important portions of its global logistics networks;(B) with respect to each country on the list required by subparagraph (A)—(i) an assessment of whether the government of the country is taking adequate measures to disrupt the global logistics networks of Hizballah within the territory of the country; and(ii) in the case of a country the government of which is not taking adequate measures to disrupt such networks—(I) an assessment of the reasons that government is not taking such adequate measures; and(II) a description of measures being taken by the United States to encourage that government to improve measures to disrupt such networks;(C) a list of countries in which Hizballah, or any of its agents or affiliates, conducts significant fundraising, financing, or money laundering activities;(D) with respect to each country on the list required by subparagraph (C)—(i) an assessment of whether the government of the country is taking adequate measures to disrupt the fundraising, financing, or money laundering activities of Hizballah and its agents and affiliates within the territory of the country; and(ii) in the case of a country the government of which is not taking adequate measures to disrupt such activities—(I) an assessment of the reasons that government is not taking such adequate measures; and(II) a description of measures being taken by the United States to encourage that government to improve measures to disrupt such activities; and(E) a list of methods that Hizballah, or any of its agents or affiliates, utilizes to raise or transfer funds, 129 STAT. 2212 including trade-based money laundering, the use of foreign exchange houses, and free-trade zones.(2) Form.—The report required by paragraph (1) shall be submitted in unclassified form to the greatest extent possible, and may contain a classified annex.(3) Global logistics networks of hizballah.—In this subsection, the term “global logistics networks of Hizballah”, “global logistics networks”, or “networks” means financial, material, or technological support for, or financial or other services in support of, Hizballah.(b) Briefing on Hizballah’s Assets and Activities Related To Fundraising, Financing, and Money Laundering Worldwide.—Not later than 90 days after the date of the enactment of this Act, and every 180 days thereafter, the Secretary of State, the Secretary of the Treasury, and the heads of other applicable Federal departments and agencies shall provide to the appropriate congressional committees a briefing on the disposition of Hizballah’s assets and activities related to fundraising, financing, and money laundering worldwide.(c) Appropriate Congressional Committees Defined.—In this section, the term “appropriate congressional committees” means—(1) the Committee on Foreign Affairs, the Committee on Financial Services, and the Permanent Select Committee on Intelligence of the House of Representatives; and(2) the Committee on Foreign Relations, the Committee on Banking, Housing, and Urban Affairs, and the Select Committee on Intelligence of the Senate.