3.0.0 1591 2023-01-11T13:37:05Z 2023-01-11T13:37:05Z Senate S 2017-07-19 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2018-01-30T15:00:00Z Hearings by 2018-01-18T15:00:00Z Reported by 2017-11-16T21:57:03Z Markup by 2017-11-07T15:00:00Z Referred to 2017-07-19T21:18:20Z End Banking for Human Traffickers Act of 2017 115 2080 S 2018-01-09 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-158. Related bill CRS 2018-01-30 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-161. Committee 2018-01-18 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2017-11-16 Senate Placed on Senate Legislative Calendar under General Orders. Calendar No. 263. Calendars 2017-11-16 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo with an amendment in the nature of a substitute. Without written report. Committee 2017-11-16 Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo with an amendment in the nature of a substitute. Without written report. Committee 14000 9 Library of Congress ssbk00 Banking, Housing, and Urban Affairs Committee 2017-11-07 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably. Committee 2017-09-28 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2017-09-07 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2017-07-19 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2017-07-19 Introduced in Senate IntroReferral 10000 9 Library of Congress V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD N T000461 Sen. Toomey, Patrick [R-PA] Patrick Toomey R PA J. 2017-07-19 True C001098 Sen. Cruz, Ted [R-TX] Ted Cruz R TX 2017-07-26 False S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC 2017-07-27 False H001042 Sen. Hirono, Mazie K. [D-HI] Mazie Hirono D HI K. 2017-09-06 False C001095 Sen. Cotton, Tom [R-AR] Tom Cotton R AR 2017-09-14 False T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT 2017-11-07 False C001113 Sen. Cortez Masto, Catherine [D-NV] Catherine Cortez Masto D NV 2017-11-07 False W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2017-11-07 False S001194 Sen. Schatz, Brian [D-HI] Brian Schatz D HI 2017-11-07 False K000393 Sen. Kennedy, John [R-LA] John Kennedy R LA Neely 2017-11-08 False B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2017-11-14 False C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA 2017-11-14 False C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2017-11-16 False B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2017-11-29 False D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2018-01-16 False 2017-12-08T16:13:00Z S. 1591, Otto Warmbier Banking Restrictions Involving North Korea Act of 2017 https://www.cbo.gov/publication/53388 As reported by the Senate Committee on Banking, Housing, and Urban Affairs on November 16, 2017 International Affairs Arms control and nonproliferation Asia Bangladesh Bank accounts, deposits, capital Banking and financial institutions regulation Chemical and biological weapons Civil actions and liability Congressional oversight Criminal investigation, prosecution, interrogation Detention of persons Diplomacy, foreign officials, Americans abroad Employee benefits and pensions Financial services and investments Foreign aid and international relief Foreign and international banking Foreign loans and debt Foreign property Fraud offenses and financial crimes Industrial facilities International monetary system and foreign exchange Legislative rules and procedure Licensing and registrations Multilateral development programs North Korea Nuclear weapons Sanctions State and local finance Technology transfer and commercialization Trade restrictions U.S. and foreign investments United Nations International Affairs 00 2017-07-19 Introduced in Senate 2018-03-16T21:48:28Z Banking Restrictions Involving North Korea (BRINK) Act of 2017

This bill requires the President to: (1) submit to Congress a list of financial institutions that are providing financial or banking support to the government of North Korea; (2) impose specified financial and asset blocking sanctions on an institution that has knowingly engaged in such conduct, and (3) impose specified civil penalties upon a U.S. institution based upon whether it has taken steps to prevent a recurrence of such conduct.

The President: (1) may suspend, renew, or terminate sanctions subject to prior congressional notification and review; and (2) may not take an action if Congress enacts a joint resolution of disapproval of such action.

The President shall prohibit, with specified exceptions, transactions involving the manufacture, sale, purchase, transfer, import, or export of certain North Korean goods, services, or technology (covered property) by a U.S. person or such transactions that are conducted in the United States.

The President may impose specified sanctions with respect to: (1) persons providing specialized financial messaging services to North Korean financial institutions or sanctioned persons, and (2) governments that fail to take specified actions against North Korean financial institutions or persons designated under a United Nations Security Council resolution.

A state or local government may divest its assets from, or prohibit investment of its assets in, any person engaging in investment activities involving North Korean covered property valued at more than $10,000.

The bill expresses the sense of Congress with respect to: (1) blocking of property of North Korean officials, (2) divestiture of certain employee benefit plan funds involving North Korean covered property, and (3) the Kaesong Industrial Complex and North Korean nuclear disarmament.

]]> Otto Warmbier Banking Restrictions Involving North Korea Act of 2017 Display Title Otto Warmbier Banking Restrictions Involving North Korea Act of 2017 Official Title as Introduced A bill to impose sanctions with respect to the Democratic People's Republic of Korea, and for other purposes. Introduced in Senate IS Short Titles as Introduced Banking Restrictions Involving North Korea (BRINK) Act of 2017 Short Titles as Reported to Senate Otto Warmbier Banking Restrictions Involving North Korea Act of 2017 S Senate Short Titles as Reported to Senate for portions of this bill FIGHT Act S Senate Short Titles as Reported to Senate for portions of this bill Financial Industry Guidance to Halt Trafficking Act S Senate Reported to Senate 2017-11-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1591rs/xml/BILLS-115s1591rs.xml Introduced in Senate 2017-07-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1591is/xml/BILLS-115s1591is.xml 2018-01-30 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-161. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.