Yes, I'd be glad to.
The legislation is broad. It applies not only to states but also to terrorist groups and those groups that provide material support. Of course, the sovereign immunity exemption doesn't apply to many of those defendants in these cases, and in such cases we have successfully put out of business a great number of entities, non-government organizations and others, that have been involved in the financing of terrorism.
In addition, we certainly dissuaded a great number of institutions from engaging in questionable activities and have significantly increased the compliance worldwide by international financial institutions, which really are very concerned about the possibility of being brought into a court as a conduit for providing material support to terrorists.
With respect to the sovereign immunity issue, I would agree with you, the arrangements we have in the United States are not serving their purpose. It's too political an issue to list a country specifically as a terrorist-supporting organization and then to have it removed.
It seems to me the act speaks for itself. That's why I've been a strong proponent here in the United States and internationally of the concept that sovereign immunity should not apply to countries that so clearly violate the norms of international behaviour. Where terrorism is concerned, it's very clearly now part of our customary international law that those involved in terrorism are acting outside the purview of acceptable international conduct.