Blocking Property of the Government of North Korea and the Workers' Party of Korea, and Prohibiting Certain Transactions With Respect to North Korea
Blocks North Korean Government and Workers' Party Property, Bans Transactions
What it does
All federal agencies must take appropriate measures to implement the order's blocking and transaction prohibitions, with the Treasury Secretary issuing rules and enforcing them.
Real-world impact
- Freezes assets and property in the United States of North Korean entities.
- Bans exports, reexports, and new U.S. investment related to North Korea.
- Suspends U.S. entry for persons who meet the order's listed criteria.
Topics
Summary
This order blocks all property in the United States of the Government of North Korea and the Workers' Party of Korea and prohibits certain transactions with them.
It also blocks persons operating in key North Korean industries, bans exports and new U.S. investment, and suspends U.S. entry for people meeting listed criteria.
The Secretary of the Treasury, in consultation with the Secretary of State, is authorized to enforce the measures, issue rules, and direct agencies to carry out the order to address the national emergency.
Questions, answered
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