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Mr. HOEVEN. Mr. President, I rise in support of the pending legislation to sanction the regime of North Korea for its belligerent behavior toward the United States and its neighbors. Today the Senate takes up a bill to increase sanctions on North Korea.
Most Americans would be surprised, I think, to learn it is still possible to increase and strengthen sanctions on North Korea. In fact, while we have had certain sanctions on North Korea in place for many years, these sanctions have never been as strong as they could be and should be, and that is why we are here today.
We are now dealing with a third generation of dictators in Kim Jong Un, who is proving to be as disastrous as his infamous father and grandfather, Kim Il-sung, the founder of the Kim regime. The Kim family has done whatever it thought necessary to stay in power, including use of criminal enterprise to raise revenues and engage in systematic human rights abuses against its own people.
The legislation before us today requires the President to sanction anyone contributing to North Korea's weapons program, money laundering activities, and human rights abuses. It also requires sanctions on anyone helping North Korea raise hard currency through the sale of minerals and precious metals.
Additionally, the bill requires sanctions on anyone engaging in activities that would threaten cyber security. Perhaps most importantly, the legislation urges the administration to designate North Korea as a jurisdiction of primary money laundering concern--a step that would block links between North Korea and the U.S. banking system. This is a very powerful sanction. If someone is doing business with the Kim regime, they should not be doing business with the United States banking system.
We need to pass this bill and push the administration to leverage the power of the Treasury Department to cut North Korea from the international banking system. As I have said, this is a very strong and powerful sanction. It needs to be put in place and then fully enforced by the administration.
The imposition of sanctions, however, cannot be the end of our North Korea policy. As we have seen over the past few months, the Kim regime is intent upon disrupting the East Asian security environment, threatening both the United States and our allies with ballistic missiles and nuclear weapons.
Sanctions can work, but they must be enforced and they will take time. In addition, we need to augment these sanctions with other steps to limit the North Korean threat.
First, we should accelerate efforts to develop missile defenses both in East Asia and in the United States. Sanctions can curtail progress in North Korea's nuclear and missile programs; however, we must deal with the capabilities North Korea already has. We must ensure we are prepared for any further advancements North Korea might make before the sanctions take hold.
Second, we need to ensure that we have a credible and reliable nuclear force available to deter North Korea and reassure our South Korean and Japanese allies. In 2014, and again earlier this year, a nuclear-capable B-52 flew over the Korean Peninsula to perform this vital deterrence and assurance mission. But to maintain strategic credibility, we must modernize our bomber fleet and our nuclear cruise missiles.
To bring the Nation's bombers up to date, the Air Force is embarking on plans to develop a new Long Range Strike Bomber capable of penetrating advanced enemy air defenses. North Korea's increasingly provocative behavior underscores our need for a bomber that can fly over any North Korean target. Now is the time to get to work on the Long Range Strike Bomber program.
Similarly, we need to upgrade the nuclear cruise missile carried on the B-52 bomber. Cruise missiles fired from a distance allow us the option of threatening North Korean targets without flying over North Korean airspace. This standoff capability is tremendously important, but the existing nuclear cruise missile is based on 1970's technology and is well beyond its intended service life. We need to ensure that the Air Force has the resources necessary to develop a new cruise missile that can defeat modern air defense systems for decades to come.
We also need to ensure that the National Nuclear Security Administration has the resources it needs to refurbish the warhead that flies on the cruise missile. Letting our bomber and cruise missile capabilities become obsolete would send a disastrous signal to the Kim regime that its nuclear program has yielded strategic benefits. On the other hand, modernizing our forces shows Mr. Kim that he will never get a nuclear upper hand in East Asia.
The bottom line is that we need a holistic approach to North Korea. We need the sanctions that we are considering here today in the Senate. We need a strong, strategic deterrent, as I have described.
I urge my colleagues to support the sanctions in front of us to put pressure on North Korea financially. This needs to be a comprehensive, ongoing, sustained effort. We have to stand strong against our adversaries and stand strong with our allies, we have to do it consistently, we have to do it over time, and we have to be steadfast. That is the type of foreign policy that can be effective. That is the kind of foreign policy we need to undertake. That is what we are trying to accomplish with this legislation.
I commend the sponsors of this legislation who are here on the floor today.
I further hope that my colleagues will support not only this legislation but critical investments in our nuclear bombers and cruise missile forces when we consider the annual Defense bills later this year. I am very familiar with these systems as the B-52s are based on Minot Air Force Base in my State. They provide a tremendous deterrent and a very important part of the nuclear triad, but we have to continue to invest in that nuclear triad--in the bombers, in the ICBM missiles, and in our submarine fleet.
I believe that both sanctions and a strong military are critical to our national security and that of our allies, as well as maintaining stability in this potentially volatile part of the world. As we have said before, the United States is the world's best hope for freedom, for peace, and for security.
Thank you, Mr. President.
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