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A bill to impose sanctions with respect to the Government of the Democratic People's Republic of Korea and any enablers of the activities of that Government, and for other purposes.

USA115th CongressS-1562| Senate 
| Updated: 7/13/2017
Cory Gardner

Cory Gardner

Republican Senator

Colorado

Cosponsors (7)
Edward J. Markey (Democratic)Tom Cotton (Republican)John Boozman (Republican)Ted Cruz (Republican)Robert Menendez (Democratic)Marco Rubio (Republican)Rob Portman (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
North Korean Enablers Accountability Act of 2017 This bill directs the President to: (1) impose property-blocking sanctions against the North Korean government, business entities that trade with North Korea, including specified Chinese entities, and affiliated persons or entities; (2) prohibit the opening, and strictly control the maintaining in the United States, of correspondent or payable-through accounts by a foreign financial institution that assisted in the importation, sale, or transfer of North Korean goods or services; and (3) impose specified sanctions against a person that imports, purchases, or transfers goods or services from the North Korean government or from such entities or affiliates. The President may waive the application of these sanctions for humanitarian or national security purposes. The bill prohibits the U.S. entry of goods mined, produced, or manufactured by North Korean labor, and directs the President to apply property-blocking sanctions against a person or entity that mines, produces, or manufactures such prohibited goods. Such prohibition shall not apply if U.S. Customs and Border Protection finds that the goods were not produced with trafficked, convict, forced, or indentured labor. The Securities and Exchange Commission shall require issuers of stock and other securities to disclose annually any investments in North Korea and activities potentially sanctionable under this bill.
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Timeline
Jul 13, 2017
Introduced in Senate
Jul 13, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • July 13, 2017
    Introduced in Senate


  • July 13, 2017
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

International Affairs

Related Bills

  • S 115-1901: LEED Act
  • HR 115-4027: To require global economic and political pressure to support diplomatic denuclearization of the Korean Peninsula, including through the imposition of sanctions with respect to the Government of the Democratic People's Republic of Korea and any enablers of the activities of that Government, and to reauthorize the North Korean Human Rights Act of 2004, and for other purposes.
Administrative law and regulatory proceduresAsiaBank accounts, deposits, capitalCongressional oversightForeign and international bankingForeign propertyHuman rightsHuman traffickingLabor standardsNorth KoreaPresidents and presidential powers, Vice PresidentsSanctionsSecuritiesSecurities and Exchange Commission (SEC)Trade restrictionsU.S. and foreign investmentsWar and emergency powers

A bill to impose sanctions with respect to the Government of the Democratic People's Republic of Korea and any enablers of the activities of that Government, and for other purposes.

USA115th CongressS-1562| Senate 
| Updated: 7/13/2017
North Korean Enablers Accountability Act of 2017 This bill directs the President to: (1) impose property-blocking sanctions against the North Korean government, business entities that trade with North Korea, including specified Chinese entities, and affiliated persons or entities; (2) prohibit the opening, and strictly control the maintaining in the United States, of correspondent or payable-through accounts by a foreign financial institution that assisted in the importation, sale, or transfer of North Korean goods or services; and (3) impose specified sanctions against a person that imports, purchases, or transfers goods or services from the North Korean government or from such entities or affiliates. The President may waive the application of these sanctions for humanitarian or national security purposes. The bill prohibits the U.S. entry of goods mined, produced, or manufactured by North Korean labor, and directs the President to apply property-blocking sanctions against a person or entity that mines, produces, or manufactures such prohibited goods. Such prohibition shall not apply if U.S. Customs and Border Protection finds that the goods were not produced with trafficked, convict, forced, or indentured labor. The Securities and Exchange Commission shall require issuers of stock and other securities to disclose annually any investments in North Korea and activities potentially sanctionable under this bill.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 13, 2017
Introduced in Senate
Jul 13, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • July 13, 2017
    Introduced in Senate


  • July 13, 2017
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Cory Gardner

Cory Gardner

Republican Senator

Colorado

Cosponsors (7)
Edward J. Markey (Democratic)Tom Cotton (Republican)John Boozman (Republican)Ted Cruz (Republican)Robert Menendez (Democratic)Marco Rubio (Republican)Rob Portman (Republican)

Banking, Housing, and Urban Affairs Committee

International Affairs

Related Bills

  • S 115-1901: LEED Act
  • HR 115-4027: To require global economic and political pressure to support diplomatic denuclearization of the Korean Peninsula, including through the imposition of sanctions with respect to the Government of the Democratic People's Republic of Korea and any enablers of the activities of that Government, and to reauthorize the North Korean Human Rights Act of 2004, and for other purposes.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresAsiaBank accounts, deposits, capitalCongressional oversightForeign and international bankingForeign propertyHuman rightsHuman traffickingLabor standardsNorth KoreaPresidents and presidential powers, Vice PresidentsSanctionsSecuritiesSecurities and Exchange Commission (SEC)Trade restrictionsU.S. and foreign investmentsWar and emergency powers