,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #dcff  ,,in ,,the ,,house ,,of  
,,representatives  ,september #ag1      
#bjai,mr4 ,riggleman introduced the     
following bill2 which was referred to   
the ,committee on ,financial ,services  
,a ,,bill  ,to require oversight of     
licenses involving financial services   
and the ,democratic ,people's ,republic 
of ,korea1 and for other purposes4  #a4 
,short title ,this ,act may be cited as 
the ,north ,korea ,banking ,oversight   
,act of #bjai4  #b4 ,oversight of       
licenses involving financial services   
and the ,democratic ,people's ,republic 
of ,korea  7a7 ,in general ,not later   
than #ahj days after the date of the    
enactment of this ,act1 and every #ahj  
days thereafter1 the ,secretary of the  
,treasury shall transmit to the         
,committee on ,financial ,services of   
the ,house of ,representatives and the  
,committee on ,banking1 ,housing1 and   
,urban ,affairs of the ,senate a report 
containing a copy of any license issued 

by the ,secretary in the preceding #ahj 
days that authorizes a financial        
institution to provide financial        
services benefitting any person         
sanctioned pursuant to an applicable    
,executive ,order or the ,north ,korea  
,sanctions and ,policy ,enhancement ,act
 of #bjaf 7#bb ,u4,s4,c4 #ibja et seq474
  7b7 ,form of report ,the report       
required under subsection 7a7 shall be  
submitted in unclassified form but may  
contain a classified annex4  #c4        
,definitions ,for purposes of this ,act3
 7#a7 ,applicable ,executive ,order ,the
 term applicable ,executive ,order has  
the meaning given that term under       
section #c of the ,north ,korea         
,sanctions and ,policy ,enhancement ,act
 of #bjaf 7#bb ,u4,s4,c4 #ibjb74  7#b7  
,financial institution ,the term        
financial institution means a ,united   
,states financial institution or a      
foreign financial institution4  7#c7    
,foreign financial institution ,the term
 foreign financial institution has the  

meaning given that term under section   
#eaj4cji of title #ca1 ,code of ,federal
 ,regulations4  7#d7 ,united ,states    
financial institution ,the term ,united 
,states financial institution has the   
meaning given the term ,u4,s4 financial 
institution under section #eaj4cbh of   
title #ca1 ,code of ,federal            
,regulations4  #d4 ,sunset ,the         
reporting requirement under this ,act   
shall terminate on the date that is the 
end of the #g-year period beginning on  
the date of the enactment of this ,act4