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S 1591

Title: Otto Warmbier Banking Restrictions Involving North Korea Act of 2017
Author: Sen. Chris Van Hollen (DEM-MD)

Summary
...This bill requires the President to: (1) submit to Congress a list of financial institutions that are providing financial or banking support to the government of North Korea; (2) impose specified financial and asset blocking sanctions on an institution that has knowingly engaged in such conduct, and (3) impose specified civil penalties upon a U.S. institution based upon whether it has taken steps to prevent a recurrence of such conduct. </p> <p>The President: (1) may suspend, renew, or terminate sanctions subject to prior congressional notification and review; and (2) may not take an action if Congress enacts a joint resolution of disapproval of such action.</p> <p>The President shall prohibit, with specified exceptions, transactions involving the manufacture, sale, purchase, transfer, ...

Status
Introduced in Senate 07/19/2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 07/19/2017
Committee on Banking, Housing, and Urban Affairs. Hearings held. 09/07/2017
Committee on Banking, Housing, and Urban Affairs. Hearings held. 09/28/2017
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably. 11/07/2017
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo with an amendment in the nature of a substitute. Without written report. 11/16/2017
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo with an amendment in the nature of a substitute. Without written report. 11/16/2017
Placed on Senate Legislative Calendar under General Orders. Calendar No. 263. 11/16/2017
Committee on Banking, Housing, and Urban Affairs. Hearings held. 01/18/2018
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-161. 01/30/2018

Bill Text
11/16/2017 - S 1591 (Reported+to+Senate)
11/16/2017 - S 1591 (Reported+in+Senate)
07/19/2017 - S 1591 (Introduced+in+Senate)

 
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