Congressional Hearing on Restricting North Korea's Financial Access
January 1, 2018
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Finance Connection
| Candidate | Donor | Amount | Industry | Date |
|---|---|---|---|---|
| FRIENDS OF ANDY BARR COMMITTEE | CLEMENTI, CHRISTOPHER | $17,000 | CEO | Mar 2026 |
| FRIENDS OF ANDY BARR COMMITTEE | CLEMENTI, MICHAEL S | $17,000 | PRESIDENT | Mar 2026 |
| FRIENDS OF ANDY BARR COMMITTEE | PATRICOFF, HAROLD JR. | $10,000 | ATTORNEY | Mar 2026 |
| FRIENDS OF ANDY BARR COMMITTEE | PATRICOFF, NELEA | $10,000 | - | Mar 2026 |
| FRIENDS OF ANDY BARR COMMITTEE | CLEMENTI, JUSTIN | $10,000 | VICE PRESIDENT | Mar 2026 |
| FRIENDS OF ANDY BARR COMMITTEE | ABRAMOWITZ, KENNETH | $1,000 | RETIRED | Mar 2026 |
| FRIENDS OF ANDY BARR COMMITTEE | AMERICAN MARITIME OFFICERS VOLUNTARY POLITICAL ACTION FUND | $1,000 | - | Mar 2026 |
Reported financial relationships and timing signals. This does not prove motive or influence. Readers draw their own conclusions.
The Frame
This hearing examines the effectiveness of U.S. financial sanctions intended to restrict North Korea's funding for its nuclear and ballistic missile programs.
Potentially affected actors named in the source documents. Mention is not a position.
North Korea
The country is the subject of proposed financial restrictions and sanctions discussed in the hearing.
U.S. Financial Institutions
These entities are responsible for implementing and complying with financial sanctions and anti-money laundering regulations.
Last recorded activity January 1, 2018.
Next step not available in the current record.
Summary
Key Facts
- The hearing was held on July 19, 2017, by the Subcommittee on Monetary Policy and Trade.
- The hearing focused on restricting North Korea's access to global financial networks.
- The session was prompted by North Korea's July 4, 2017, test launch of the Hwasong-14 intercontinental ballistic missile.
- Four expert witnesses provided testimony and prepared statements regarding financial policy toward North Korea.
- The hearing took place in room 2128 of the Rayburn House Office Building.
Why It Matters
This hearing examines the effectiveness of U.S. financial sanctions intended to restrict North Korea's funding for its nuclear and ballistic missile programs.
Frequently Asked Questions
What was the purpose of this hearing?
Who testified at the hearing?
News Coverage
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Reactive Legislative Timing
The hearing was scheduled specifically in response to the July 4th missile test, demonstrating how legislative oversight is triggered by specific geopolitical events.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance85How much this matters to a regular citizen
- Controversy40Intensity of disagreement among stakeholders
- Entertainment20Compellingness for a non-policy-wonk reader
- Buzz30Current news / social attention level
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