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Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

North Korean Enablers Accountability Act of 2017

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to impose sanctions with respect to the Government of the Democratic People's Republic of Korea and any enablers of the activities of that Government, and for other purposes.


Actions Overview (1)

Date
07/13/2017Introduced in Senate

All Actions (1)

Date
07/13/2017Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Action By: Senate

Cosponsors (7)

* = Original cosponsor
CosponsorDate Cosponsored
Sen. Markey, Edward J. [D-MA]* 07/13/2017
Sen. Menendez, Robert [D-NJ]* 07/13/2017
Sen. Portman, Rob [R-OH]* 07/13/2017
Sen. Rubio, Marco [R-FL]* 07/13/2017
Sen. Cotton, Tom [R-AR]* 07/13/2017
Sen. Boozman, John [R-AR] 07/20/2017
Sen. Cruz, Ted [R-TX] 07/24/2017

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Banking, Housing, and Urban Affairs07/13/2017 Referred to

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Latest Summary (1)

There is one summary for S.1562. View summaries

Shown Here:
Introduced in Senate (07/13/2017)

North Korean Enablers Accountability Act of 2017

This bill directs the President to: (1) impose property-blocking sanctions against the North Korean government, business entities that trade with North Korea, including specified Chinese entities, and affiliated persons or entities; (2) prohibit the opening, and strictly control the maintaining in the United States, of correspondent or payable-through accounts by a foreign financial institution that assisted in the importation, sale, or transfer of North Korean goods or services; and (3) impose specified sanctions against a person that imports, purchases, or transfers goods or services from the North Korean government or from such entities or affiliates.

The President may waive the application of these sanctions for humanitarian or national security purposes.

The bill prohibits the U.S. entry of goods mined, produced, or manufactured by North Korean labor, and directs the President to apply property-blocking sanctions against a person or entity that mines, produces, or manufactures such prohibited goods. Such prohibition shall not apply if U.S. Customs and Border Protection finds that the goods were not produced with trafficked, convict, forced, or indentured labor.

The Securities and Exchange Commission shall require issuers of stock and other securities to disclose annually any investments in North Korea and activities potentially sanctionable under this bill.