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Delegation of Function Under the Hizballah International Financing Prevention Act of 2015, as Amended

SignedMay 24, 2019
Memorandum·Donald Trump·National Security
Why This Matters

This memorandum delegates the authority to enforce certain provisions of the Hizballah International Financing Prevention Act to the Secretary of the Treasury, in consultation with the Secretary of State.

This delegation aims to enhance the U.S. government's ability to combat financing related to Hezbollah.
The primary entities affected are those involved in financial activities related to Hezbollah and the officials responsible for enforcing these regulations.
Summary

1. Delegates authority to the Secretary of the Treasury regarding the Hizballah International Financing Prevention Act. 2. Requires coordination with the Secretary of State and other agencies. 3. Mandates publication of the memorandum in the Federal Register.

Who is affected?

The primary entities affected are those involved in financial activities related to Hezbollah and the officials responsible for enforcing these regulations.

Read on Federal Registerfederalregister.gov
Read Full Text
Memorandum of May 24, 2019

Delegation of Function Under the Hizballah International Financing Prevention Act of 2015, as Amended

Memorandum for the Secretary of State [and] the Secretary of the Treasury

By the authority vested in me as President by the Constitution and the laws of the United States of America, including section 301 of title 3, United States Code, I hereby delegate to the Secretary of the Treasury, in consultation with the Secretary of State, the function vested in the President by section 102(d) of the Hizballah International Financing Prevention Act of 2015 (Public Law 114-102), as amended by the Hizballah International Financing Prevention Amendments Act of 2018 (Public Law 115-272) (collectively, the “Acts”).

The function delegated by this memorandum shall be exercised in coordination with departments and agencies through the National Security Presidential Memorandum-4 process. Any reference in this memorandum to the Acts shall be deemed to be a reference to any future Act that is the same or substantially the same as such provision.

The Secretary of the Treasury is authorized and directed to publish this memorandum in the Federal Register.

[FR Doc. 2019-11416

Filed 5-29-19; 8:45 am]

Billing code 4811-33-P

Delegation of Function Under the Hizballah International Financing Prevention Act of 2015, as Amended - PILLARS