Charter communications supports cspan as a Public Service along with these other Television Providers giving you a frontrow seat to democracy. Remarks now from the u. S. Ambassador to nato, Julianne Smith. She and Foreign Policy analysts are commemorating the 75th anniversary of nato at Georgetown University. Live coverage on cspan2. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] all righty. Welcome to the nato 75 charting a new course conference. Posted by the Georgian Center for Security Studies and sponsored by the institute for the studies diplomacy, the bmw seven for german and European Studies, and the European Center for International Affairs. Our program and will begin shortly. Please take a moment silence any cell phones and a reminder we follow georgian universities
Program to what extent it is a threat or not to its neighbors what might reasonably be expected in way of any kind of follow agreement perhaps any agreement is not feasible at this time. And so we have assembled quite a panel and im going to briefly introduce them and turn over the moderateing responsibilities to my director at the south asia center he in addition to directing our south asia center, of course, our iran program is part of the south asia center. He is a true rocket scientist. He managed the program in arms control disarmament in International Security at the university of illinois at champagne overu saw developing projects on south Asian Security issue ors. Hes also worked with Cornell University and he is a true rocket scientist. He had ph. D. With a specialization numerical accusics i dont know what that is. Buts thats brought and then we have a terrific panel. The go to men in washington on all things missiles mike senior fellow for missile selfdefense at the internat
[inaudible conversations] we need to declare recess of the committee and members will have five legislative days in which to submit extraneous materials in the record. This hearing is entitled a legislative proposal to impede north koreas access to finance. We now recognize myself for five minutes to give an opening statement. Todays hearing will examine draft legislation that would impose secondary sanctions on foreign banks whose business supports the north korean regime. Whether directly or indirectly. By encompassing both the Economic Activity in north korea, these measures would represent the toughest financial sanctions yet directed at north korea. This means going after coal, petroleum, textiles and minerals as well as north korean laborers abroad. In addition, the bill would incentivize greater by leveraging our vote at the International Financial institutions were certain countries with lax enforcement go to seek assistance. This bill puts those countries on notice. This propo
Foreign banks whose business supports the north korean regime. Whether directly or indirectly. By encompassing both the Economic Activity in north korea, these measures would represent the toughest financial sanctions yet directed at north korea. This means going after coal, petroleum, textiles and minerals as well as north korean laborers abroad. In addition, the bill would incentivize greater by leveraging our vote at the International Financial institutions were certain countries with lax enforcement go to seek assistance. This bill puts those countries on notice. This proposed legislation has been informed by the committees ongoing work on north korea, as well as the un panel of experts evaluation of existing sanctions effectiveness. Needless to say, north koreas sixth nuclear test on september 3, coupled with its repeated launching of intermediate and longrange Ballistic Missiles underlines that more must be done. As a result, the legislative draft will be looking at plays out a c
Softer real net recognizing myself for our Opening Statements i will recognize other members and for those witnesses those prepared statements are made as part of our records with those statements and questions for a the record we have many members of the subcommittee on the Judiciary Committee ancestral important track up happening as we speak and we appreciate the time they can scare to culvert for lahood. Last month that subcommittee convened on those opportunities of the United States and saudi arabia but today we focus on the relationship and their relationship with the neighbors. It is important to note this rift is not new. Former senior level official of the Treasury Department stated earlier this month saudi arabia have fought for years with those actions against the of financiers and they will continue to operate. Then of course there is khalifa mohamad who is a u. S. Come in you designated International Terrorist for his role in financing al qaeda and the 9 11 mastermind. In