Prohibiting Certain Transactions With Respect to North Korea
Headline: Bans Imports from North Korea by U.S. People and Businesses
What it does: Agencies must use their authorities, led by the Treasury with State consultation, to block imports from North Korea and enforce the prohibitions.
- Stops imports of goods, services, and technology from North Korea.
- Prohibits U.S. people and businesses from evading or conspiring to evade sanctions.
- Empowers the Treasury to issue rules and direct federal enforcement actions.
Summary
This order bars the import into the United States of any goods, services, or technology from North Korea, except as allowed by laws or specific licenses. It also bans U.S. people or transactions within the United States that try to evade those prohibitions, and it outlaws conspiracies to violate them.
The Treasury Secretary, working with the Secretary of State, is authorized to write rules and use emergency economic powers to implement and enforce the ban, and all federal agencies must help carry it out.
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