HR 1450 ยท OFAC Licensure for Investigators Act
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced
- Feb 21, 2025
- Latest action
- Jul 22, 2025
- Sponsor
- Rep. Joyce Beatty [D-OH-3]
- Policy area
- International Affairs
- Cosponsors
- 1
Summary
OFAC Licensure for Investigators Act This 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.)
Recent actions
- Jul 22, 2025 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jul 21, 2025 Motion to reconsider laid on the table Agreed to without objection.
- Jul 21, 2025 On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3517)
- Jul 21, 2025 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 DEBATE - The House proceeded with forty minutes of debate on H.R. 1450.
- Jul 21, 2025 Considered under suspension of the rules. (consideration: CR H3517-3518)
- Jul 21, 2025 Mr. Hill (AR) moved to suspend the rules and pass the bill.
- Mar 27, 2025 Placed on the Union Calendar, Calendar No. 34.
Votes
No recorded votes are available for this bill.