House to vote on toughest sanctions yet on North KoreaBlog
Today, the House will vote on Chairman Ed Royce’s H.R. 1644, the Korean Interdiction and Modernization of Sanctions Act, which ratchets up sanctions on the Kim Jong Un regime. Before the vote, Chairman Royce explained what his bill does on Fox News Channel’s “America’s Newsroom.” Video and a key excerpt are below.
“What this bill does that we did not do before is to cut off North Korea’s access to ports, to cut off any financial institutions [that still do business with North Korea] with third-party sanctions, and to cut off slave labor that North Korea uses to get several billion dollars worth of hard currency a year. … Remember, if we shut down their economy, they can’t move forward with their [nuclear] program. This legislation builds on a bill of mine last year that will give the president of the United States every tool now to do exactly that.”