1. Short title This Act may be cited as the North Korea Banking Oversight Act of 2019 . 2. Oversight of licenses involving financial services and the Democratic People’s Republic of Korea (a) In general Not later than 180 days after the date of the enactment of this Act, and every 180 days thereafter, the Secretary of the Treasury shall transmit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a report containing a copy of any license issued by the Secretary in the preceding 180 days that authorizes a financial institution to provide financial services benefitting any person sanctioned pursuant to an applicable Executive Order or the North Korea Sanctions and Policy Enhancement Act of 2016 ( 22 U.S.C. 9201 et seq.). (b) Form of report The report required under subsection (a) shall be submitted in unclassified form but may contain a classified annex. 3. Definitions For purposes of this Act: (1) Applicable Executive Order The term applicable Executive Order has the meaning given that term under section 3 of the North Korea Sanctions and Policy Enhancement Act of 2016 ( 22 U.S.C. 9202 ). (2) Financial institution The term financial institution means a United States financial institution or a foreign financial institution. (3) Foreign financial institution The term foreign financial institution has the meaning given that term under section 510.309 of title 31, Code of Federal Regulations. (4) United States financial institution The term United States financial institution has the meaning given the term U.S. financial institution under section 510.328 of title 31, Code of Federal Regulations. 4. Sunset The reporting requirement under this Act shall terminate on the date that is the end of the 7-year period beginning on the date of the enactment of this Act.