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![handle is hein.congrecreports/crptxaasi0001 and id is 1 raw text is: AUTHENTICATEO
U.S. GOVERNMENT
INFORMATION
Gp
115TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 115-361
IMPEDING NORTH KOREA'S ACCESS TO FINANCE ACT OF
2017
OCTOBER 23, 2017.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. HENSARLING, from the Committee on Financial Services,
submitted the following
REPORT
together with
ADDITIONAL VIEWS
[To accompany H.R. 3898]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 3898) to require the Secretary of the Treasury to place
conditions on certain accounts at United States financial institu-
tions with respect to North Korea, and for other purposes, having
considered the same, reports favorably thereon with amendments
and recommends that the bill as amended do pass.
The amendments are as follows:
Strike all after the enacting clause and insert the following:
SECTION 1. SHORT TITLE.
This Act may be cited as the Impeding North Korea's Access to Finance Act of
2017.
SEC. 2. FINDINGS.
The Congress finds the following:
(1) On June 1, 2016, the Department of the Treasury's Financial Crimes En-
forcement Network announced a Notice of Finding that the Democratic People's
Republic of Korea is a jurisdiction of primary money laundering concern due to
its use of state-controlled financial institutions and front companies to support
the proliferation and development of weapons of mass destruction (WMD) and
ballistic missiles.
(2) The Financial Action Task Force (FATF) has expressed serious concerns
with the threat posed by North Korea's proliferation and financing of WMD,
and has called on FATF members to apply effective counter-measures to protect
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