WASHINGTON, D.C. --- Congressman Leonard Lance (NJ-07) who represents Millburn Township in the U.S. House of Representatives today announced that the North Korea Sanctions and Policy Enhancement Act is on its way to the President’s desk following passage in the U.S. House and U.S. Senate. The House acted last month in passing the measure with an overwhelming bipartisan majority and the Senate followed this week.
“On Saturday, North Korea tested another long-range missile and demonstrated a frightening potential ability to target the United States. I urge the President to sign this measure into law and take the North Korean provocations seriously. The Administration’s patience with North Korea is only encouraging the Kim Jong-un regime to keep testing the limits and developing nuclear weapons. Sanctions are a critical tool in our national defense toolbox – we should use them,” said Lance.
The new sanctions will prohibit North Korea access to hard currency and other measures to block and seize assets related to nuclear proliferation, illicit activities and human rights violations that are the hallmark of the Kim regime. It will also deny sanctioned North Koreans and their enablers access to the U.S. financial system and crack down on North Korean banks and government entities that are money laundering. It also authorizes the seizing of any assets connected with North Korea’s actions and requires enhanced inspection requirements for ships that carry North Korean cargo.