,,ii #aae? ,,congress #a/ ,session ,s4 #aefb ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,july #ac1 #bjag ,mr4 ,g>dn] 7= himself1 ,mr4 ,m>key1 ,mr4 ,m55dez1 ,mr4 ,portman1 ,mr4 ,rubio1 & ,mr4 ,cotton7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to impose sanctions ) respect to ! ,gov]nm5t ( ! ,democratic ,p's ,republic ( ,korea & any enabl]s ( ! activities ( t ,gov]nm5t1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,nor? ,korean ,enabl]s ,acc\ntability ,act ( #bjag4 #b4 ,f9d+s ,congress makes ! foll[+ f9d+s3 7#a7 ,! ,gov]nm5t ( ! ,democratic ,p's ,republic ( ,korea has flagrantly defi$ ! int]national community by illicitly develop+ its nucle> & balli/ic missile programs1 9 violation ( ,unit$ ,nations ,security ,c\ncil ,resolutions #agah 7#bjjf71 #ahgd 7#bjji71 #bjhg 7#bjac71 #bjid 7#bjac71 #bbgj 7#bjaf71 & #bcba 7#bjaf74 7#b7 ,! ,gov]nm5t ( ! ,democratic ,p's ,republic ( ,korea engages 9 gross human rights abuses aga9/ its own p & citiz5s ( o!r c\ntries1 includ+ ! ,unit$ ,/ates & ,japan4 7#c7 ,! ,unit$ ,/ates & its p>tn]s are committ$ to pursu+ a peaceful d5ucle>ization ( ! ,democratic ,p's ,republic ( ,korea ?r\gh a policy ( maximum pressure & engagem5t4 #c4 ,sanctions ) respect to ! ,gov]nm5t ( ! ,democratic ,p's ,republic ( ,korea & its enabl]s 7a7 ,block+ ( prop]ty ,on & aft] ! date t is #ij days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,presid5t %all block & prohibit all transactions 9 all prop]ty & int]e/s 9 prop]ty ( a p]son describ$ 9 subsection 7d7 if su* prop]ty & int]e/s 9 prop]ty are 9 ! ,unit$ ,/ates1 come )9 ! ,unit$ ,/ates1 or are or come )9 ! possession or control ( a ,unit$ ,/ates p]son4 7b7 ,facilitation ( c]ta9 transactions ,! ,presid5t %all prohibit ! op5+1 & prohibit or impose /rict conditions on ! ma9ta9+1 9 ! ,unit$ ,/ates ( a correspond5t acc\nt or a payable-?r\gh acc\nt by a =eign f9ancial in/itution t ! ,presid5t det]m9es has kn[+ly1 on or aft] ! date t is #ij days aft] ! date ( ! enactm5t ( ?is ,act1 conduct$ or facilitat$ a significant transaction ) respect to ! importation1 sale1 or transf] ( goods or s]vices f ! ,democratic ,p's ,republic ( ,korea on behalf ( a p]son describ$ 9 subsection 7d74 7c7 ,importation1 sale1 or transf] ( goods & s]vices ,! ,presid5t %all impose sanctions pursuant to ! ,int]national ,em]g5cy ,economic ,p[]s ,act 7#ej ,u4,s4,c4 #agja et seq47 ) respect to a p]son if ! ,presid5t det]m9es t ! p]son kn[+ly1 on or aft] ! date t is #ij days aft] ! date ( ! enactm5t ( ?is ,act1 imports1 pur*ases1 or transf]s goods or s]vices f a p]son describ$ 9 subsection 7d74 7d7 ,p]sons describ$ ,a p]son describ$ 9 ?is subsection is any ( ! foll[+3 7#a7 ,! ,gov]nm5t ( ! ,democratic ,p's ,republic ( ,korea or any political subdivision1 ag5cy1 or in/rum5tality ( t ,gov]nm5t4 7#b7 ,any p]son own$ or controll$1 directly or indirectly1 by t ,gov]nm5t4 7#c7 ,any p]son act+ or purport+ to act1 directly or indirectly1 = or on behalf ( t ,gov]nm5t4 7#d7 ,! foll[+ entities3 7,a7 ,d&ong ,zhi*5g ,metallic ,mat]ial4 7,b7 ,%&ong ,int]national ,trade co ,ltd ,hongjian4 7,c7 ,xiam5 ,xiang ,yu ,%>es ,co4 7,d7 ,sdic ,j+m9 ,putian ,ltd4 7,e7 ,hangzh\ ,pei ,amoy ,trad+ company4 7,f7 ,hun*un x9 ,times4 7,g7 ,rizhao ,/eel ,hold+4 7,h7 ,%&ong ,yun ,hill ,m9es4 7,i7 ,*9a ,dawn ,g>met 7,dalian74 7,j7 ,d&ong ,hao ,du ,trad+ co4 ltd4 7#e7 ,any p]son affiliat$ ) an entity describ$ 9 p>agraph 7#d74 7#f7 ,any p]son affiliat$ ) an entity id5tifi$ by ! ,secret>y ( ! ,treasury z a major import] ( goods & s]vices f ! ,democratic ,p's ,republic ( ,korea4 7e7 ,exemptions ,! foll[+ activities are exempt f sanctions "u ?is section3 7#a7 ,activities subject to ! report+ requirem5ts "u title ,v ( ! ,national ,security ,act ( #aidg 7#ej ,u4,s4,c4 #cjia et seq474 7#b7 ,au?oriz$ intellig5ce activities ( ! ,unit$ ,/ates4 7#c7 ,activities necess>y to comply ) ,unit$ ,/ates obligations "u ! ,agreem5t betwe5 ! ,unit$ ,nations & ! ,unit$ ,/ates ( ,am]ica reg>d+ ! ,headqu>t]s ( ! ,unit$ ,nations1 sign$ at ,lake ,success ,june #bf1 #aidg1 & ent]$ into =ce ,novemb] #ba1 #aidg1 ! ,conv5tion on ,consul> ,relations1 done at ,vi5na ,april #bd1 #aifc1 & ent]$ into =ce ,m>* #ai1 #aifg1 or any o!r int]national agreem5t4 7#d7 ,activities incid5tal to ! ,,p[_/,,mia acc\nt+ mission 9 ! ,democratic ,p's ,republic ( ,korea1 includ+ activities by ! ,def5se ,,p[_/,,mia ,acc\nt+ ,ag5cy & o!r gov]nm5tal or nongov]nm5tal organizations task$ ) id5tify+ or recov]+ ! rema9s ( memb]s ( ! ,unit$ ,/ates ,arm$ ,=ces 9 ! ,democratic ,p's ,republic ( ,korea4 7f7 ,waiv]s 7#a7 ,9 g5]al ,! ,presid5t may waive ! application ( sanctions "u ?is section ) respect to a p]son if ! ,presid5t-- 7,a7 det]m9es t ! waiv] is 9 ! national security int]e/ ( ! ,unit$ ,/ates2 & 7,b7 submits to ! appropriate congressional committees a report on ! det]m9ation & ! reasons = ! det]m9ation4 7#b7 ,humanit>ian waiv] 7,a7 ,9 g5]al ,! ,presid5t may waive1 = r5ewable p]iods ( n less ?an #cj days & n m ?an "o ye>1 ! application ( sanctions "u ?is section if ! ,presid5t submits to ! appropriate congressional committees a writt5 det]m9ation t ! waiv] is necess>y = humanit>ian assi/ance or to c>ry out ! humanit>ian purposes set =? 9 section #d ( ! ,nor? ,korean ,human ,rights ,act ( #bjjd 7#bb ,u4,s4,c4 #ghjb74 7,b7 ,cont5t ( writt5 det]m9ation ,a writt5 det]m9ation submitt$ "u subp>agraph 7,a7 ) respect to a waiv] %all include a description ( all notification & acc\ntability controls t h be5 employ$ 9 ord] to ensure t ! activities cov]$ by ! waiv] are humanit>ian assi/ance or are c>ri$ out = ! purposes set =? 9 section #d ( ! ,nor? ,korean ,human ,rights ,act ( #bjjd 7#bb ,u4,s4,c4 #ghjb7 & d n entail any activities 9 ,nor? ,korea or deal+s ) ! ,gov]nm5t ( ,nor? ,korea n reasonably relat$ to humanit>ian assi/ance or ^? purposes4 7,c7 ,cl>ification ( p]mitt$ activities ,an int]nationally recogniz$ humanit>ian organization %all n be subject to sanctions "u ?is section =-- 7i7 engag+ 9 a f9ancial transaction relat+ to humanit>ian assi/ance or = humanit>ian purposes pursuant to a waiv] issu$ "u subp>agraph 7,a72 7ii7 transport+ goods or s]vices t are necess>y to c>ry out op]ations relat+ to humanit>ian assi/ance or humanit>ian purposes pursuant to su* a waiv]2 or 7iii7 hav+ m]ely incid5tal contact1 9 ! c\rse ( provid+ humanit>ian assi/ance or aid = humanit>ian purposes pursuant to su* a waiv]1 ) individuals :o are "u ! control ( a =eign p]son subject to sanctions "u ?is section4 7g7 ,rule ( con/ruction ,a p]son describ$ 9 subsection 7d7 is subject to sanctions "u ?is section )\t reg>d to :e!r ! "n ( ! p]son is publi%$ 9 ! ,f$]al ,regi/] or incorporat$ into ! li/ ( specially designat$ nationals & block$ p]sons ma9ta9$ by ! ,(fice ( ,=eign ,assets ,control ( ! ,dep>tm5t ( ! ,treasury4 7h7 ,def9itions ,9 ?is section3 7#a7 ,appropriate congressional committees ,! t]m appropriate congressional committees means-- 7,a7 ! ,committee on ,=eign ,relations & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate2 & 7,b7 ! ,committee on ,=eign ,affairs & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives4 7#b7 ,correspond5t acc\nt2 payable-?r\gh acc\nt ,! t]ms correspond5t acc\nt & payable-?r\gh acc\nt h ! mean+s giv5 ^? t]ms 9 section #ecah;,a ( title #ca1 ,unit$ ,/ates ,code4 7#c7 ,=eign f9ancial in/itution ,! t]m =eign f9ancial in/itution has ! mean+ giv5 t t]m 9 section #efa4cjh ( title #ca1 ,code ( ,f$]al ,regulations 7or any correspond+ simil> regulation or rul+74 7#d7 ,humanit>ian assi/ance ,! t]m humanit>ian assi/ance means assi/ance to meet humanit>ian ne$s1 includ+ ne$s = food1 m$ic9e1 m$ical supplies1 clo?+1 & %elt]4 7#e7 ,kn[+ly ,! t]m kn[+ly1 ) respect to conduct1 a circum/ance1 or a result1 means t a p]son has actual k1 or %\ld h kn[n1 ( ! conduct1 ! circum/ance1 or ! result4 7#f7 ,unit$ /ates p]son ,! t]m ,unit$ ,/ates p]son means-- 7,a7 a ,unit$ ,/ates citiz5 or an ali5 lawfully admitt$ = p]man5t resid5ce to ! ,unit$ ,/ates2 & 7,b7 an entity organiz$ "u ! laws ( ! ,unit$ ,/ates or any jurisdiction )9 ! ,unit$ ,/ates1 includ+ a =eign bran* ( su* an entity4 #d4 ,prohibition on import ( & sanctions ) respect to goods made ) ,nor? ,korean labor 7a7 ,prohibition on import ( goods made ) ,nor? ,korean labor 7#a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#b71 any significant goods1 w>es1 articles1 or m]*&ise m9$1 produc$1 or manufactur$ :olly or 9 "p by ! labor ( nationals or citiz5s ( ! ,democratic ,p's ,republic ( ,korea %all be deem$ to be m9$1 produc$1 or manufactur$1 z ! case may be1 by convict labor1 =c$ labor1 or ind5tur$ labor "u p5al sanctions = purposes ( section #cjg ( ! ,t>iff ,act ( #aicj 7#ai ,u4,s4,c4 #acjg7 & %all n be entitl$ to entry at any ( ! ports ( ! ,unit$ ,/ates4 7#b7 ,exception ,! prohibition "u p>agraph 7#a7 %all n apply to goods1 w>es1 articles1 or m]*&ise if ! ,commission] ( ,u4,s4 ,cu/oms & ,bord] ,protection f9ds1 by cle> & conv9c+ evid5ce1 t ! goods1 w>es1 articles1 or m]*&ise 7 n produc$ ) traffick$ labor1 convict labor1 =c$ labor1 or ind5tur$ labor "u p5al sanctions4 7b7 ,sanctions ) respect to p]sons t use ,nor? ,korean labor ,! ,presid5t %all1 pursuant to ! ,int]national ,em]g5cy ,economic ,p[]s ,act 7#ej ,u4,s4,c4 #agja et seq471 block & prohibit all transactions 9 prop]ty & int]e/s 9 prop]ty ( a p]son t ! ,presid5t det]m9es m9es1 produces1 or manufactures goods1 w>es1 articles1 or m]*&ise prohibit$ f entry into ! ,unit$ ,/ates "u subsection 7a71 if su* prop]ty & int]e/s 9 prop]ty are 9 ! ,unit$ ,/ates1 come )9 ! ,unit$ ,/ates1 or are or come )9 ! possession or control ( a ,unit$ ,/ates p]son4 7c7 ,traffick$ labor def9$ ,9 ?is section1 ! t]m traffick$ labor means labor or s]vices procur$ ?r\gh ! recruitm5t1 h>bor+1 transportation1 provision1 or obta9+ ( a p]son ?r\gh ! use ( =ce1 fraud1 or co]cion = ! purpose ( subjection to involunt>y s]vitude1 peonage1 debt bondage1 or slav]y4 #e4 ,m&atory disclosure ( inve/m5ts 9 ! ,democratic ,p's ,republic ( ,korea & o!r sanctionable activities 7a7 ,9 g5]al ,n lat] ?an #bgj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,securities & ,ex*ange ,commission %all prescribe regulations requir+ ea* issu] to disclose annually1 beg9n+ ) ! issu]'s fir/ fiscal ye> t beg9s aft] ! date on :i* ^? regulations are prescrib$-- 7#a7 any inve/m5ts 9 ! ,democratic ,p's ,republic ( ,korea2 & 7#b7 any o!r activities t may be subject to sanctions "u section #c or #d4 7b7 ,issu] def9$ ,9 ?is section1 ! t]m issu] has ! mean+ giv5 t t]m 9 section #c7;a7 ( ! ,securities ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4 #gh;c7a774