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H.R. 1450 House International Affairs

OFAC Licensure for Investigators Act

Introduced
Feb 21, 2025
Sponsor
Rep. Beatty, Joyce (D-OH-3)
View on Congress.gov

STAGE 4 OF 8 — HOUSE FLOOR

Currently in the House. Last action: received in the senate and read twice and referred to the committee on banking, housing, and urban affairs on Jul 22, 2025.

  1. House Introduced in House Feb 21, 2025
  2. House Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Feb 21, 2025
  3. House Committee Consideration and Mark-up Session Held Mar 5, 2025
  4. House Ordered to be Reported by the Yeas and Nays: 49 - 0. Mar 5, 2025
  5. House Reported by the Committee on Financial Services. H. Rept. 119-47, Part I. Mar 27, 2025
  6. House Committee on Foreign Affairs discharged. Mar 27, 2025
  7. House Placed on the Union Calendar, Calendar No. 34. Mar 27, 2025
  8. House Mr. Hill (AR) moved to suspend the rules and pass the bill. Jul 21, 2025
  9. House Considered under suspension of the rules. (consideration: CR H3517-3518) Jul 21, 2025
  10. House DEBATE - The House proceeded with forty minutes of debate on H.R. 1450. Jul 21, 2025
  11. House Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3517) Jul 21, 2025
  12. House On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3517) Jul 21, 2025
  13. House Motion to reconsider laid on the table Agreed to without objection. Jul 21, 2025
  14. Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Jul 22, 2025

Cosponsors

1

Subjects

Congressional oversightFinancial services and investmentsFraud offenses and financial crimesLicensing and registrations

Committees

  • Banking, Housing, and Urban Affairs Committee
    • [Referred To, Jul 22, 2025]
  • Foreign Affairs Committee
    • [Discharged From, Mar 27, 2025]
    • [Referred To, Feb 21, 2025]
  • Financial Services Committee
    • [Reported By, Mar 27, 2025]
    • [Markup By, Mar 5, 2025]
    • [Referred To, Feb 21, 2025]

Summary

OFAC Licensure for Investigators ActThis bill requires the Office of Foreign Assets Control (OFAC) to establish a pilot program to license eligible private sector firms to conduct nominal financial transactions as part of the firm's sanctions-related investigations.A firm that receives a license must submit monthly reports to OFAC on activities conducted under the license.(OFAC, within the Department of the Treasury, is one of the primary agencies responsible for enforcing economic sanctions. OFAC requires firms to take various actions, such as ensuring that they are not engaging in transactions with entities subject to U.S. sanctions. A firm may also provide voluntary self-disclosures to OFAC with information from a firm's investigation of suspicious activities.)

[Summary as of: Introduced in House]

Bill Text

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