; and (2) the Committee on Financial Services, the Committee on Foreign Affairs, and the Speaker, the majority leader, and the minority leader of the House of Representatives. 102. Expansion of licensing requirements for transactions in North Korean covered property (a) License required (1) In general Except as provided in paragraph (2), not later than 180 days after the date of the enactment of this Act, the President shall prescribe regulations prohibiting any transaction involving the manufacture, sale, purchase, transfer, import, or export of North Korean covered property by a United States person or conducted in the United States. (2) Exception (A) In general Except as provided in subparagraph (B), the Secretary may grant licenses and permits for the following purposes: (i) For any purpose covered by an exemption or waiver under section 208 of the North Korea Sanctions and Policy Enhancement Act of 2016 ( 22 U.S.C. 9228 ), including humanitarian, diplomatic, consular, law enforcement, and other purposes. (ii) To import food products into North Korea if such food products are not defined as luxury goods. (iii) To meet an urgent and compelling humanitarian need. (iv) For activities to promote human rights in North Korea, the development of private agriculture and markets in North Korea, and the free flow of information to, from, and within North Korea. (v) To import agricultural products, medicine, or medical devices into North Korea if such products, medicine, or devices are classified as designated EAR 99 under subchapter C of chapter VII of title 15, Code of Federal Regulations, or any successor regulations (commonly known as the Export Administration Regulations ), and not controlled under— (I) the Export Administration Act of 1979 ( 50 U.S.C. App. 2401 et seq.), as continued in effect under the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.); (II) the Arms Export Control Act ( 22 U.S.C. 2751 et seq.)