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Proposed tighter U.S. sanctions on Hezbollah have been altered enough to allay fears of major damage to Lebanon's economy, a sign Washington is taking concerns about Lebanese stability seriously, banking and political sources said. But banking figures told Reuters Lebanese authorities should not be complacent as U.S. President Donald Trump's future stance on Iran and its allies cannot be predicted, and the bill won't be discussed and voted on until autumn when Congress reconvenes.When drafts said to be U.S. plans for extended anti-Hezbollah legislation circulated in Lebanon earlier this year, local media warned of dire consequences for Lebanon's fragile economy and fractious sectarian politics.The main concern for the Lebanese authorities is that U.S. correspondent banks, which face huge fines if found to be dealing with sanctioned people or companies, might deem Lebanese banks too risky to do business with. Lebanon's government, the Central Bank and private banks have lobbied U.S. politicians and banks hard this year – and continue to do so – to persuade Washington to balance its tough anti-Hezbollah stance with the need to preserve stability.
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