About the bill
H.R. 3898 imposes secondary sanctions with respect to North Korea in order to cut off Pyongyang’s ability to finance its weapons programs. Specifically the bill would: (1) require the Secretary of the Treasury to prohibit, or impose strict conditions on, correspondent or payable-through accounts held in the U.S. by foreign financial institutions that knowingly deal with a “covered person”; (2) prohibit U.S. financial institutions, and persons owned or controlled by such institutions, from knowingly engaging in transaction benefitting covered persons; (3) require the U.S. to oppose loans by the international financial institutions (i.e. IMF and multilateral development banks) for countries that knowingly fail to prevent the provision of financial services to certain covered persons, as well as deny Export-Import Bank assistance for exports to ...
Sponsor and status
Sponsor. Representative for Kentucky's 6th congressional district. Republican.
Last Updated: Oct 25, 2017
Length: 18 pages
115th Congress (2017–2019)
This bill was introduced in a previous session of Congress and was passed by the House on October 24, 2017 but was never passed by the Senate.
What legislators are saying
“Houses Passes North Korean Sanctions Bill Cosponsored by Delaney”
— Rep. John Delaney [D-MD6, 2013-2018] (Co-sponsor) on Oct 24, 2017
H.R. 3898 (115th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 3898. This is the one from the 115th Congress.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not enacted by the end of a Congress is cleared from the books.
How to cite this information.
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GovTrack.us. (2020). H.R. 3898 — 115th Congress: Otto Warmbier North Korea Nuclear Sanctions Act. Retrieved from https://www.govtrack.us/congress/bills/115/hr3898
“H.R. 3898 — 115th Congress: Otto Warmbier North Korea Nuclear Sanctions Act.” www.GovTrack.us. 2017. July 12, 2020 <https://www.govtrack.us/congress/bills/115/hr3898>
Otto Warmbier North Korea Nuclear Sanctions Act, H.R. 3898, 115th Cong. (2017).
|title=H.R. 3898 (115th)
|accessdate=July 12, 2020
|author=115th Congress (2017)
|date=October 2, 2017
|quote=Otto Warmbier North Korea Nuclear Sanctions Act
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