; and (B) prohibited imports or exports of arms and related materiel, services, or technology by that government. (8) The strict enforcement of sanctions is essential to the efforts by the international community to achieve the peaceful, complete, verifiable, and irreversible dismantlement of weapons of mass destruction programs of the Government of North Korea. 3. Definitions In this Act: (1) Applicable Executive order; applicable United Nations Security Council resolution; Government of North Korea; North Korea The terms applicable Executive order , applicable United Nations Security Council resolution , Government of North Korea , and North Korea have the meanings given those terms in section 3 of the North Korea Sanctions and Policy Enhancement Act of 2016 ( 22 U.S.C. 9202 ). (2) Appropriate congressional committees The term appropriate congressional committees means— (A) the Committee on Banking, Housing, and Urban Affairs and the Committee on Foreign Relations of the Senate; and (B) the Committee on Financial Services and the Committee on Foreign Affairs of the House of Representatives. (3) Knowingly The term knowingly , with respect to conduct, a circumstance, or a result, means that a person has actual knowledge, or should have known, of the conduct, the circumstance, or the result. (4) North Korean covered property (A) In general The term North Korean covered property includes any goods, services, or technology— (i) that are in North Korea; (ii) that are made with significant amounts of North Korean labor, materials, goods, or technology; (iii) in which the Government of North Korea or a North Korean financial institution has a significant interest or exercises significant control; or (iv) in which a designated person has a significant interest or exercises significant control. (B) Designated person In this paragraph, the term designated person means a person who is designated under— (i) an applicable Executive order; (ii) an applicable United Nations Security Council resolution