Russia-North Korea Cooperation Sanctions Act

12/19/2024, 9:07 AM
Referred to the Subcommittee on Trade.
Bill 118 hr 5532, also known as the Russia-North Korea Cooperation Sanctions Act, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to impose sanctions on any individuals or entities that engage in cooperation with North Korea, particularly if that cooperation involves Russia.

The bill aims to target any financial transactions, trade agreements, or other forms of cooperation that could potentially benefit North Korea and its nuclear weapons program. By imposing sanctions on those involved in such activities, the United States hopes to put pressure on both Russia and North Korea to cease their cooperation and comply with international efforts to denuclearize the Korean Peninsula.

If passed, this bill would give the US government the authority to impose a range of sanctions, including freezing assets, restricting travel, and prohibiting financial transactions, on individuals and entities found to be in violation of the sanctions. The bill also calls for regular reporting to Congress on the implementation of the sanctions and their effectiveness in deterring cooperation between Russia and North Korea. Overall, the Russia-North Korea Cooperation Sanctions Act is a targeted piece of legislation aimed at addressing the ongoing threat posed by North Korea's nuclear weapons program and the potential role that Russia may play in supporting it. By imposing sanctions on those involved in such cooperation, the United States hopes to further isolate North Korea and encourage both countries to comply with international efforts to achieve denuclearization.
Congress
118

Number
HR - 5532

Introduced on
2023-09-18

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

9/18/2023

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Referred to the Subcommittee on Trade.
Bill 118 hr 5532, also known as the Russia-North Korea Cooperation Sanctions Act, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to impose sanctions on any individuals or entities that engage in cooperation with North Korea, particularly if that cooperation involves Russia.

The bill aims to target any financial transactions, trade agreements, or other forms of cooperation that could potentially benefit North Korea and its nuclear weapons program. By imposing sanctions on those involved in such activities, the United States hopes to put pressure on both Russia and North Korea to cease their cooperation and comply with international efforts to denuclearize the Korean Peninsula.

If passed, this bill would give the US government the authority to impose a range of sanctions, including freezing assets, restricting travel, and prohibiting financial transactions, on individuals and entities found to be in violation of the sanctions. The bill also calls for regular reporting to Congress on the implementation of the sanctions and their effectiveness in deterring cooperation between Russia and North Korea. Overall, the Russia-North Korea Cooperation Sanctions Act is a targeted piece of legislation aimed at addressing the ongoing threat posed by North Korea's nuclear weapons program and the potential role that Russia may play in supporting it. By imposing sanctions on those involved in such cooperation, the United States hopes to further isolate North Korea and encourage both countries to comply with international efforts to achieve denuclearization.
Alternative Names
Official Title as IntroducedTo provide for the imposition of sanctions with respect to North Korea's support for Russia's illegal war in Ukraine.

Policy Areas
International Affairs

Comments

Recent Activity

Latest Action12/17/2024
Referred to the Subcommittee on Trade.