§9265a Reports on Certain Licensing Actions

Summary

The President must send a report every 180 days, starting within 180 days after December 20, 2019, to four Congressional committees (House Financial Services, House Foreign Affairs, Senate Banking, and Senate Foreign Relations). Each report must cover how the licensing system for transactions tied to certain North Korea rules worked in the prior 180 days. It must say how many and what kinds of licenses were applied for, and how many licenses were issued and who received them. The Treasury Secretary must quickly give a copy of any license listed in a report to the House Financial Services Committee and the Senate Banking Committee if an appropriate Member of Congress asks for it within 30 days after the report is sent. Reports and license copies must be unclassified but can include a classified annex. "Appropriate Member of Congress" means the chair or ranking member of the House Financial Services Committee or the Senate Banking Committee. "Covered regulatory provision" means the listed parts of 15 CFR (parts 743, 744, 746), part 510 of 31 CFR, or any other part of title 31 CFR as they were on December 19, 2019, that relate to North Korea.