Ed Royce: “Last week we had a headline in the newspaper that I think underscores the importance of this legislation, and what that…”

“Last week we had a headline in the newspaper that I think underscores the importance of this legislation, and what that headline said was that North Korea is making a missile able to hit the United States. {time} 2140 Now, the reason we're concerned about Iran's activities here in proliferation is because Iran announces they want to kill us. That tends to get our attention. And as a consequence, we begin to think, what could we do to sanction their central bank in order to make it very, very difficult for them to proceed down this road? Well, let's go back for a minute to this North Korea story, remembering already that we've seen North Korea, proliferate and attempt to give nuclear capability to Syria. We've seen North Korea proliferate to Iran and Pakistan with their missile capabilities. And the story reported that North Korea is moving ahead to build its first road mobile intercontinental ballistic missile. And of course, mobile missiles are very difficult to find. You can't locate them. They're made to be hidden. And with these developments, the Secretary of Defense said North Korea is in the process of becoming a direct threat to the United States. That's former Secretary of Defense Gates. No one who has closely watched North Korea is surprised by these developments.…”