U.S. Congress Seeks More Sanctions on N. Korea Nuclear Test

Click "CC" for Scripts Subscribe to arirang! http://www.youtube.com/subscription_c... 미국 의회, 대북한 BDA식 금융제재 법안 추진 The U.S. Congress has slammed North Korea over its recent nuclear test with Republicans calling on the Obama administration to take a tougher stance on Pyongyang. Pressure is mounting on the U.S. to adopt new sanctions to punish FOREIGN BANKS that handle North Korean funds. Hwang Ji-hye has the details. International sanctions can prevent North Korea from gaining access to the international arms trade and blacklist specific companies. But U.S. lawmakers say the restrictions have little impact on North Korea's weapons development. They say unilateral sanctions are needed to target foreign banks that handle North Korean funds. Representative Ed Royce of California, who chairs the House panel, says he plans to introduce legislation that would sever the North's ability to access hard currency such as the U.S. dollar and the British pound. This measure, if put into effect, would be similar to the U.S. Treasury Department's actions in 2005 on Banco Delta Asia, an obscure, family-owned bank in the Chinese gambling enclave of Macao. The penalty made it increasingly difficult for North Korea to process international financial transactions. Late last week, the U.S. House of Representatives passed a resolution punishing North Korea for its latest nuclear test a largely symbolic move to remind the international society of its concerns about Pyongyang's continued provocations. The resolution, passed by a vote of 412-to-2, urges the U.S. government to work with other countries on imposing additional sanctions on North Korea. It also calls on China to pressure Pyongyang into suspending its nuclear and missile programs. Hwang Ji-hye, Arirang News. Visit us on Homepage http://www.arirang.co.kr Like us on Facebook   / arirangtv   Follow us on Twitter   / arirangworld