On May 29, 2014, the House Foreign Affairs Committee will hold a markup for H.R. 1771, the North Korea Sanctions Enforcement Act. As originally introduced, H.R. 1771 drew significant inspiration from sanctions imposed against Iran, introducing secondary sanctions against foreign businesses and governments doing business with North Korean entities targeted by the US. Outlined below are some of the key elements of the new legislation: Mandates sanctions against entities determined by the President to have engaged in transactions with North Korea related to WMD proliferation, arms, luxury goods exports, money laundering and other illicit activities, censorship, or serious human rights abuses. Grants the President discretionary authority to sanction entities that … Continue reading The National Committee on North Korea