January 18, 2022

U.S. bill looks to bar traders working with N. Korea from dollar system

New legislation would also target foreign companies using North Korean labor

A U.S. senator introduced legislation on Friday looking to prohibit any entities engaging with North Korea from the dollar system and to impose sanctions on businesses using North Korean labor.

The legislation, entitled the North Korean Enablers Accountability Act was introduced by Senator Cory Gardner (R-CO), Chairman of the Subcommittee on East Asia, the Pacific, and International Cybersecurity.