Lawmaker Calls for Sanctioning Bank That Serves Myanmar’s Junta

House Foreign Affairs Committee ranking member Gregory Meeks, D-N.Y., said Nov. 20 that the Biden administration should sanction the Myanma Economic Bank, which serves the country’s oppressive military junta. He cited a news report indicating that dozens of Myanmar civil society groups have urged the State and Treasury departments to sanction the bank. Sanctioning the bank would be a "pivotal next step to implementing" his Burma Unified Through Rigorous Military Accountability Act, or BURMA Act, which was signed into law in December 2022, he said.