Delegation of Function Under Hizballah International Financing Prevention Act

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.