US Senators and Democrats said Wednesday that a new series of sanctions against North Korea (North Korea) has been agreed, and that the Senate Finance Committee will take legislative action next week when US President Trump will begin his first trip to Asia since taking office The
In addition to other sanctions, the "Ottawa Warbill North Korea Banking Restriction Act of 2017" will also strengthen and expand existing sanctions against the DPRK and strengthen the US Congress's oversight of relevant sanctions. American student Otto Wabbe was killed after being detained by the DPRK, the bill is named after him.
The United States will also impose sanctions on foreign financial institutions that have been identified as individuals to be targeted by the US Congress, the Presidential Executive Order, or the United Nations Security Council Resolution North Korea's related sanctions, including Chinese banks.
The new sanctions bill will require Trump or other US presidents to inform the Congressional Committee of any intention to terminate or suspend the sanctions. It also requires the President to submit a report on the basis of the licensing system, and the government is required to submit periodic briefings to Congress.
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