3.0.0 4084 2022-11-01T13:50:18Z 2022-11-01T13:50:18Z House HR 2019-07-26 116 [Congressional Record Volume 165, Number 127 (Friday, July 26, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BARR:H.R. 4084.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the U.S. Constitution[Page H7476]]]> hsba00 Financial Services Committee House Standing Referred to 2019-07-26T13:00:05Z National Defense Authorization Act for Fiscal Year 2020 116 2500 HR 2020-08-11 Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 512. Related bill CRS National Defense Authorization Act for Fiscal Year 2020 116 1790 S 2019-12-20 Became Public Law No: 116-92. Related bill CRS Fight Illicit Finance through Technical Assistance Act of 2019 116 4367 HR 2019-09-17 Referred to the House Committee on Financial Services. Related bill CRS 2019-07-26 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2019-07-26 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-07-26 Introduced in House IntroReferral 1000 9 Library of Congress B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 N S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2019-07-26 True H001072 Rep. Hill, J. French [R-AR-2] J. Hill R AR French 2 2019-12-10 False International Affairs Administrative law and regulatory procedures Arms control and nonproliferation Asia Bank accounts, deposits, capital Civil actions and liability Competitiveness, trade promotion, trade deficits Congressional oversight Department of the Treasury Financial services and investments Foreign and international banking Foreign loans and debt Fraud offenses and financial crimes Government information and archives Government lending and loan guarantees International organizations and cooperation Multilateral development programs North Korea Nuclear weapons Sanctions International Affairs 00 2019-07-26 Introduced in House 2020-04-01T15:20:15Z Otto Warmbier North Korea Nuclear Sanctions Act of 2019

This bill imposes financial sanctions and restrictions related to North Korea.

The Department of the Treasury shall  restrict correspondent and payable-through accounts that are used to facilitate significant transactions or provide services to sanctioned entities, specifically North Korean financial institutions, companies, and certain North Korean individuals, such as those named in certain executive orders. (Correspondent and payable-through accounts are often maintained by foreign financial institutions in U.S. banks to access the U.S. financial system.)

Treasury shall use its vote and voice in international financial institutions, such as the International Monetary Fund (IMF), to oppose the provision of assistance by such institutions to governments that fail to enforce the sanctions provided under this bill.

The Export-Import Bank may not guarantee, insure, or extend credit in relation to exports to entities sanctioned under this bill.

Treasury shall support increasing use of the IMF administrative budget for technical assistance to help IMF members fight money laundering and funding for terrorism.

Various sanctions and restrictions under this bill shall be suspended if the President certifies to Congress that (1) North Korea has committed to suspending its weapons of mass destruction programs and engaging in multilateral talks on limiting such programs, or (2) it is in U.S. national security interests to do so.

]]> Otto Warmbier North Korea Nuclear Sanctions Act of 2019 Display Title Otto Warmbier North Korea Nuclear Sanctions Act of 2019 Official Title as Introduced To impose sanctions with respect to the Democratic People's Republic of Korea, and for other purposes. Introduced in House IH Short Title(s) as Introduced Otto Warmbier North Korea Nuclear Sanctions Act of 2019 Introduced in House IH Introduced in House 2019-07-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr4084ih/xml/BILLS-116hr4084ih.xml 2019-07-26 Referred to the House Committee on Financial Services. 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.