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H.R. 6281 · 114th Congress

BANK Act of 2016

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

MSR SalmonSponsor
9 cosponsors · 3 D, 6 R
ABD Bera JDR Duncan SDR DesJarlais ALD Lowenthal TMR Marino SPR Perry DRR Rohrabacher IRR Ros-Lehtinen BSD Sherman

9 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

This bill requires the President to impose sanctions pursuant to the International Emergency Economic Powers Act, with specified waiver authority, against a person that continues to knowingly and directly provide specialized financial messaging services to, or to knowingly enable or facilitate access to such messaging services for:

What it does: CRS summary · Introduced in House · Sep 28, 2016

Block Access to North Korea Act of 2016 or BANK Act of 2016

This bill requires the President to impose sanctions pursuant to the International Emergency Economic Powers Act, with specified waiver authority, against a person that continues to knowingly and directly provide specialized financial messaging services to, or to knowingly enable or facilitate access to such messaging services for:

  • the Central Bank of the Democratic People's Republic of Korea (North Korea),
  • a financial institution that facilitates any transaction or provides significant financial services for nuclear development or proliferation on North Korea's behalf, or
  • a person identified on the list of specially designated nationals and blocked persons maintained by the Department of the Treasury's Office of Foreign Assets Control for assisting North Korea's nuclear development or proliferation efforts.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: BANK Act of 2016

Also known as: Block Access to North Korea Act of 2016

Latest action (Sep 28, 2016): Referred to the House Committee on Foreign Affairs.

Policy area: International Affairs · Origin: House · Introduced: Sep 28, 2016

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.