Russia-North Korea Cooperation Sanctions Act
Russia-North Korea Cooperation Sanctions Act
Plain Language Summary
# Russia-North Korea Cooperation Sanctions Act Summary **What the Bill Would Do:** This bill would authorize the U.S. government to impose economic sanctions against Russia and North Korea for cooperating with each other militarily and economically. The legislation targets individuals, companies, and entities that facilitate collaboration between these two countries, with the aim of disrupting their partnership and penalizing those involved in the relationship. **Who It Affects:** The bill would primarily impact Russian and North Korean government officials, military personnel, and businesses involved in cross-border cooperation. It could also affect third-party companies and financial institutions that conduct business with sanctioned entities.
Secondary impacts might extend to countries or companies that trade with Russia or North Korea, depending on how strictly the sanctions are enforced. **Current Status:** As of now, the bill (HR 2622) remains in committee, meaning it has not yet been voted on by the full House of Representatives. The bill was introduced by Representative Gerald Connolly (D-VA) in the 119th Congress. No further action has been taken at this time, so it has not become law.
Latest Action
Referred to the Committee on Foreign Affairs, and in addition to the Committees on the Judiciary, Ways and Means, Financial Services, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.