I think we all understand and agree on the severity of the threat posed by North Korea.

I think it is widely acknowledged that we have not yet imposed the toughest possible sanctions against North Korea.

the U.N. panel also named several North Korean banks established, managed, or owned by Chinese companies.

the idea is to put in place a clear structure of escalating sanctions that will take place.

Now let me go to this question of the adverse impact on the United States if one of these banks were to fail.

Is not the only rational decision to discontinue doing business with North Korea?

Is not it really true that whatever business they are doing with North Korea, while it is absolutely essential to North Korea, it is trivial in scale to their own business?

Does everybody agree that secondary sanctions on the financial institutions--and I should point out that our legislation would impose them globally.

I object to the concept, but I acknowledge that it is the law.

I think it is irrefutable that the process has been opaque.

This is maddening. It's maddening frustrating because this is beneath the dignity of the president of the United States or at least it should be, and it's a distraction.

It is not working. All of these failures demonstrate the need to move forward with repealing Obamacare.