September 16, 2017

House considers harsher rules for banks with North Korean ties

By Elizabeth Rosenberg

Source: The Hill

Journalist(s) Sylvan Lane

The House Financial Services Committee is considering a bill that would ban any foreign bank that does business with North Korea from the United States financial system.

The potential move comes as the North Korean government expands the scope and power of its missile program.

The Financial Services panel is exploring ways to further isolate North Korean leader Kim Jong Un by putting pressure on his allies to stop supporting the North Korean economy and military.

Read the full article here.

  • Elizabeth Rosenberg

    Senior Fellow and Director, Energy, Economics and Security Program

    Elizabeth Rosenberg is a Senior Fellow and Director of the Energy, Economics and Security Program at the Center for a New American Security. In this capacity, she publishes an...