Search
Search

FOCUS

Banking reforms: What we know about the sanctions being considered in the US

Introduced in the Senate by a Democrat and a Republican, the bill also addresses Hezbollah’s disarmament, support for the Lebanese Army, reconstruction and relations with Israel.

Banking reforms: What we know about the sanctions being considered in the US

A vandalized ATM on a street in Beirut, amid Lebanon's economic crisis, on Sept. 26, 2022. (Credit: Joseph Eid/AFP)

Sanctioning those who obstruct efforts to disarm Hezbollah, strengthening the Lebanese Army and Internal Security Forces (ISF), supporting the reconstruction of southern Lebanon, cracking down on illicit financial networks benefiting Hezbollah, and monitoring the evolution of relations between Lebanon and Israel — these are among the objectives of an ambitious bipartisan bill on Lebanon introduced in the U.S. Senate on Aug. 7. One notable new element is that those obstructing banking and financial reforms could also face U.S. sanctions. Named the Lebanon Sanctions, Stabilization and Support Act, the bill, introduced on Aug. 7, was sponsored by U.S. Senators Jeanne Shaheen, a Democrat from New Hampshire and the ranking member of the Senate Foreign Relations Committee, and James Lankford, a Republican from Oklahoma and a member of the...
Sanctioning those who obstruct efforts to disarm Hezbollah, strengthening the Lebanese Army and Internal Security Forces (ISF), supporting the reconstruction of southern Lebanon, cracking down on illicit financial networks benefiting Hezbollah, and monitoring the evolution of relations between Lebanon and Israel — these are among the objectives of an ambitious bipartisan bill on Lebanon introduced in the U.S. Senate on Aug. 7. One notable new element is that those obstructing banking and financial reforms could also face U.S. sanctions. Named the Lebanon Sanctions, Stabilization and Support Act, the bill, introduced on Aug. 7, was sponsored by U.S. Senators Jeanne Shaheen, a Democrat from New Hampshire and the ranking member of the Senate Foreign Relations Committee, and James Lankford, a Republican from Oklahoma and a member of the...
Comments (0) Comment

Comments (0)

Back to top