Senate Committee Clears North Korea Sanctions Bill
The Senate Foreign Relations Committee on Jan. 28 cleared the North Korea Sanctions and Policy Enforcement Act of 2016, which mandates the President to investigate sanctionable conduct, the committee said. (here). Sponsored by Sens. Cory Gardner, R-Colo., and Bob Menendez,…
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D-N.J., the bill would also require the State Department to expand the scope and frequency of travel warnings for North Korea, and require the Treasury Secretary to determine whether North Korea is a money laundering concern. If an affirmative determination is made, assets must then be blocked and “special measures” applied against designated persons. “Complementing legislation in the House, this bipartisan bill will tighten the web of sanctions as part of an overall policy to denuclearize North Korea and promote human rights within the country,” said Committee Chairman Bob Corker, R-Tenn. The bill now goes to the full Senate for further consideration.