Title: North Korea Follow the Money Act
Policy area: Armed Forces and National Security

Summary:
North Korea Follow the Money Act
This bill requires the Office of the Director of National Intelligence to coordinate with the Departments of State and the Treasury to produce an estimate of North Korea's revenues. The estimate must include the sources of North Korea's funding, the networks through which North Korea accesses the U.S. and international financial systems, and the global financial institutions that assist North Korea with financial transactions.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3261 Introduced in House (IH)]

<DOC>






115th CONGRESS
  1st Session
                                H. R. 3261

 To direct the Director of National Intelligence to produce a national 
   intelligence estimate of the revenue sources of the North Korean 
                    regime, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 14, 2017

 Mrs. Torres (for herself, Mrs. Wagner, and Mr. Evans) introduced the 
following bill; which was referred to the Permanent Select Committee on 
                              Intelligence

_______________________________________________________________________

                                 A BILL


 
 To direct the Director of National Intelligence to produce a national 
   intelligence estimate of the revenue sources of the North Korean 
                    regime, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``North Korea Follow the Money Act''.

SEC. 2. NATIONAL INTELLIGENCE ESTIMATE OF NORTH KOREAN SOURCES OF 
              REVENUE.

    (a) Findings.--Congress makes the following findings:
            (1) Although, as a result of the work of the Bureau on 
        Energy and Resources, the Department of State has made 
        significant progress in identifying North Korea's revenues from 
        coal exports, the United States Government as a whole lacks 
        sufficient comprehension of how North Korea generates and 
        expends revenue.
            (2) It is critical to track the revenue sources of the 
        North Korean regime in order to target sanctions and thwart 
        further advancement of North Korea's nuclear weapons program.
            (3) Specific information regarding revenue sources and 
        means that the North Korean regime has for repatriating capital 
        will allow sanctions experts at the Department of the Treasury 
        and the Department of State to focus the full might of the 
        financial power of the United States on stopping North Korea's 
        nuclear ambitions.
    (b) Estimate Required.--Not later than 180 days after the date of 
the enactment of this Act, the Director of National Intelligence, in 
coordination with the Secretary of State and the Secretary of the 
Treasury, shall produce a national intelligence estimate of the revenue 
sources of the North Korean regime. Such estimate shall include revenue 
from the following sources:
            (1) Trade in coal, iron, and iron ore.
            (2) The provision of fishing rights to North Korean 
        territorial waters.
            (3) Trade in gold, titanium ore, vanadium ore, copper, 
        silver, nickel, zinc, or rare earth minerals, and other stores 
        of value.
            (4) Trade in textiles.
            (5) Sales of conventinal defense articles and services.
            (6) Sales of controlled goods, ballistic missiles, and 
        other associated purposes.
            (7) Other types of manufacturing for export, as the 
        Director of National Intelligence considers appropriate.
            (8) The exportation of workers from North Korea in a manner 
        intended to generate significant revenue, directly or 
        indirectly, for use by the government of North Korea.
            (9) The provision of non-humanitarian goods (such as food, 
        medicine, and medical devices) and services by other countries.
            (10) The provision of services, including banking and other 
        support, including by entities located in the Russian 
        Federation, China, and Iran.
            (11) Online commercial activities of the Government of 
        North Korea, including online gambling.
            (12) Criminal activities, including cyber-enabled crime and 
        counterfeit goods.
    (c) Elements.--The estimate required under subsection (b) shall 
include an identification of each of the following:
            (1) The sources of North Korea's funding.
            (2) Financial and non-financial networks, including supply 
        chain management, transportation, and facilitation, through 
        which North Korea accesses the United States and international 
        financial systems and repatriates and exports capital, goods, 
        and services; and
            (3) the global financial institutions, money services 
        business, and payment systems that assist North Korea with 
        financial transactions.
    (d) Submittal to Congress.--Upon completion of the estimate 
required under subsection (b), the Director of National Intelligence 
shall submit to the Committee on Foreign Affairs, the Committee on 
Financial Services, the Committee on Armed Services, and the Permanent 
Select Committee on Intelligence of the House of Representatives and 
the Committee on Foreign Relations, the Committee on Banking, Housing, 
and Urban Development, the Committee on Armed Services, and the Select 
Committee on Intelligence of the Senate a copy of such estimate.
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