Strong Sanctions On North Korea Encouraged in the House

Source: Ted Budd (R-NC, 13th)

Washington, D.C. - October 25, 2017 (The Ponder News) -- U.S. Representative Ted Budd (R-NC) voted in favor of the Otto Warmbier North Korea Nuclear Sanctions Act. If signed into law, this legislation would subject the North Korean regime to the toughest sanctions package ever

“The United States has a long history of using its economic influence to advance an agenda that liberates the oppressed and promotes freedom for those in the darkest corners of the world, like North Korea,” said Rep. Budd.

“This legislation will help to put the brakes on the advancement of the North Korea’s nuclear weapon’s program. For too long, the regime has been able to use allies throughout the global financial system to bypass UN and US sanctions. This bill gives the international community a clear choice that they can conduct business with the United States, or with North Korea.”

Congressman John K. Delaney (MD-6) is one of nine Democrats to cosponsor the legislation and also supported the legislation earlier this month in the Financial Services Committee.

“These are some of the toughest sanctions ever brought forward by this body and I commend my colleagues on both sides of the aisle for supporting this bill,” said Congressman Delaney. “North Korea is a significant threat to our national security and to the security of our allies and to avoid a catastrophe, we must utilize every tool we have. As the world’s leading economy, we have tremendous leverage and we should make sure that North Korea lacks the resources to threaten the safety of the world. Unfortunately, that leverage in Asia has been significantly weakened by President Trump’s withdrawal from the Trans-Pacific Partnership, which would have led to domestic economic growth and strengthened our hand with China. I look forward to this legislation passing the Senate and being signed into law so that we can start cracking down on those that do business with North Korea.”

H.R. 3898 passed the Financial Services Committee on October 12, 2017 with unanimous bipartisan support (56-0). The legislation strengthens President Trump’s executive orders on North Korea by codifying into law presidential waiver authorities that provide for sanctions relief if North Korea takes meaningful steps to limit its development and proliferation of weapons of mass destruction.