Simple Functions
LEGISLATION/H.R. 1450

OFAC Licensure for Investigators Act

119-HR-1450119th CongressIntroduced Feb 21, 2025International Affairs
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsor

Rep. Beatty, Joyce [D-OH-3](D-OH-3)
1 cosponsor

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.)

Subjects

Congressional oversightFinancial services and investmentsFraud offenses and financial crimesLicensing and registrations

Actions (18)

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 22, 2025Senate
Motion to reconsider laid on the table Agreed to without objection.
Jul 21, 2025House floor actions
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3517)
Jul 21, 2025House floor actions
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, 2025Library of Congress
DEBATE - The House proceeded with forty minutes of debate on H.R. 1450.
Jul 21, 2025House floor actions
Considered under suspension of the rules. (consideration: CR H3517-3518)
Jul 21, 2025House floor actions
Mr. Hill (AR) moved to suspend the rules and pass the bill.
Jul 21, 2025House floor actions
Placed on the Union Calendar, Calendar No. 34.
Mar 27, 2025House floor actions
Committee on Foreign Affairs discharged.
Mar 27, 2025House floor actions
Committee on Foreign Affairs discharged.
Mar 27, 2025Library of Congress
Reported by the Committee on Financial Services. H. Rept. 119-47, Part I.
Mar 27, 2025House floor actions
Reported by the Committee on Financial Services. H. Rept. 119-47, Part I.
Mar 27, 2025Library of Congress
Ordered to be Reported by the Yeas and Nays: 49 - 0.
Mar 5, 2025House committee actions
Committee Consideration and Mark-up Session Held
Mar 5, 2025House committee actions
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, 2025House floor actions
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, 2025House floor actions
Introduced in House
Feb 21, 2025Library of Congress
Introduced in House
Feb 21, 2025Library of Congress
← All legislationAPI →