This legislation, titled the "Peace on the Korean Peninsula Act," aims to promote peace and engagement on the Korean Peninsula by directing the Secretary of State to conduct a comprehensive review of current restrictions on United States nationals traveling to the Democratic People's Republic of Korea (DPRK). The review must specifically consider adjusting the scope of travel deemed "in the national interest" or qualifying as "compelling humanitarian considerations," with a particular focus on travel for funerals or family commemorations for Korean Americans. The Secretary of State is required to submit a report detailing this review and any proposed policy changes within 180 days of the Act's enactment. The bill also expresses a Sense of Congress that the Secretary of State should pursue serious and urgent diplomatic engagement with North Korea and South Korea to achieve a binding peace agreement , thereby formally and finally ending the Korean War, building on the 2018 Panmunjom Declaration. Additionally, it calls for negotiations to establish liaison offices between the U.S. and DPRK in their respective capitals, referencing the 2018 Singapore joint statement. A separate report is mandated within 180 days, outlining a clear roadmap for achieving a permanent peace agreement on the Korean Peninsula, including necessary steps, key stakeholders, and identified challenges. Importantly, the bill includes a rule of construction stating that its provisions do not affect the status of United States Armed Forces stationed in South Korea or any other foreign country.