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TERM 1
May 24, 2019 · 2,519 days ago
🌐 Foreign Policy
On May 24, 2019, President Trump signed a memorandum delegating certain functions under the Hizballah International Financing Prevention Act of 2015 to the Secretary of the Treasury and other executive officials. The memorandum transferred authority for implementing and enforcing provisions of the act related to financial sanctions and designations. The direct effect was to place operational control of these sanctions enforcement mechanisms within the Treasury Department and specified federal agencies.
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TERM 1
January 15, 2019 · 2,648 days ago
🌐 Foreign Policy
On January 15, 2019, the Trump administration signed a memorandum delegating enforcement functions under the Hizballah International Financing Prevention Act of 2015 and its 2018 amendments to specified federal agencies. The memorandum established which agencies would enforce sanctions and financial restrictions related to Hizballah financing. The direct impact on Americans includes potential restrictions on financial transactions, asset freezes, and enforcement actions related to entities or individuals designated under this authority.