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CSPAN3 Hearing Focuses On Impeding North Koreas Access To Funding September 20, 2017

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 longran ....

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