H.R. 4084 · 116th Congress
Otto Warmbier North Korea Nuclear Sanctions Act of 2019
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
BarrSponsor2 cosponsors · 2 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill imposes financial sanctions and restrictions related to North Korea.
What it does: CRS summary · Introduced in House · Jul 26, 2019
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Otto Warmbier North Korea Nuclear Sanctions Act of 2019
Latest action (Jul 26, 2019): Referred to the House Committee on Financial Services.
Policy area: International Affairs · Origin: House · Introduced: Jul 26, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.