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Rep. Salmon Introduces Bill to Ban North Korea from Financial Messaging

Statement

Date: Sept. 30, 2016
Issues: Technology and Communication Finance and Banking Foreign Affairs

Rep. Matt Salmon (AZ-05) today released the following statement upon introduction of H.R. 6281, a bill to prevent specialized financial messaging services to the Central Bank of the Democratic People's Republic of Korea (North Korea), and to prevent direct or indirect access to such messaging services.

"The Democratic People's Republic of Korea (North Korea) is a despotic fiefdom that prioritizes investments in weapons of mass destruction over the wellbeing of the citizens unfortunate enough to live within its borders. Sadly, no amount of international chiding will impact their ability to continue this quest for a nuclear weapon.

"What we can do is deny them access to services designed to quickly and easily transfer money worldwide. Without access to these services, we can force the North Koreans to purchase supplies and receive support in the way typically favored by state sponsors of terrorism: shipments of anonymous, small denomination bills."


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