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Bill · 119th Congress · HR 1450
OFAC Licensure for Investigators Act
Refreshed 3 h ago
Introduced 2025-02-21Summary
Summary by the Congressional Research ServiceOFAC 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.)
Sponsors
- Joyce Beatty Democrat sponsor
- 1 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2025-07-22 | Senate | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | refer |
| 2025-07-21 | House | Motion to reconsider laid on the table Agreed to without objection. | |
| 2025-07-21 | House | On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3517) | |
| 2025-07-21 | Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3517) | floor pass | |
| 2025-07-21 | House | DEBATE - The House proceeded with forty minutes of debate on H.R. 1450. | |
| 2025-07-21 | House | Considered under suspension of the rules. (consideration: CR H3517-3518) | |
| 2025-07-21 | House | Mr. Hill (AR) moved to suspend the rules and pass the bill. | |
| 2025-03-27 | House | Placed on the Union Calendar, Calendar No. 34. | |
| 2025-03-27 | House | Committee on Foreign Affairs discharged. | report |
| 2025-03-27 | Committee on Foreign Affairs discharged. | report | |
| 2025-03-27 | House | Reported by the Committee on Financial Services. H. Rept. 119-47, Part I. | report |
| 2025-03-27 | Reported by the Committee on Financial Services. H. Rept. 119-47, Part I. | report | |
| 2025-03-05 | House | Ordered to be Reported by the Yeas and Nays: 49 - 0. | refer |
| 2025-03-05 | House | Committee Consideration and Mark-up Session Held | refer |
| 2025-02-21 | 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. | refer |
| 2025-02-21 | 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. | refer |
| 2025-02-21 | Introduced in House | introduce | |
| 2025-02-21 | Introduced in House | introduce |