OFAC Licensure for Investigators Act
Introduced Feb 21, 2025 by Rep. Joyce Beatty
The House passed it. The Senate has to pass it before it can reach the President.
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.)
Summary by the Congressional Research Service.
No recorded roll-call vote on this bill — it may have passed by voice vote or unanimous consent, which don't record individual votes.
- Jul 22, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jul 21, 2025Motion to reconsider laid on the table Agreed to without objection.
- Jul 21, 2025Mr. Hill (AR) moved to suspend the rules and pass the bill.
- Jul 21, 2025Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3517)
- Jul 21, 2025DEBATE - The House proceeded with forty minutes of debate on H.R. 1450.
- Jul 21, 2025Considered under suspension of the rules. (consideration: CR H3517-3518)
- Jul 21, 2025On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3517)
- Mar 27, 2025Committee on Foreign Affairs discharged.
- Mar 27, 2025Placed on the Union Calendar, Calendar No. 34.
- Mar 27, 2025Reported by the Committee on Financial Services. H. Rept. 119-47, Part I.
- Mar 5, 2025Ordered to be Reported by the Yeas and Nays: 49 - 0.
- Mar 5, 2025Committee Consideration and Mark-up Session Held
- Feb 21, 2025Referred 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, 2025Introduced in House