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 ...
Sponsor and status
Sponsor. Representative for Kentucky's 6th congressional district. Republican.
Last Updated: Oct 25, 2017
Length: 18 pages
H.R. 3898 is 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.
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GovTrack.us. (2018). 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. August 21, 2018 <https://www.govtrack.us/congress/bills/115/hr3898>
|title=H.R. 3898 (115th)
|accessdate=August 21, 2018
|author=115th Congress (2017)
|date=October 2, 2017
|quote=Otto Warmbier North Korea Nuclear Sanctions Act
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