OFAC Licensure for Investigators Act
- Last Action
- 7/22/2025
Actions
- 2025-07-22Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2025-07-21Motion to reconsider laid on the table Agreed to without objection.
- 2025-07-21On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3517)
- 2025-07-21Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3517)
- 2025-07-21DEBATE - The House proceeded with forty minutes of debate on H.R. 1450.
- 2025-07-21Considered under suspension of the rules. (consideration: CR H3517-3518)
- 2025-07-21Mr. Hill (AR) moved to suspend the rules and pass the bill.
- 2025-03-27Placed on the Union Calendar, Calendar No. 34.
- 2025-03-27Committee on Foreign Affairs discharged.
- 2025-03-27Committee on Foreign Affairs discharged.
- 2025-03-27Reported by the Committee on Financial Services. H. Rept. 119-47, Part I.
- 2025-03-27Reported by the Committee on Financial Services. H. Rept. 119-47, Part I.
- 2025-03-05Ordered to be Reported by the Yeas and Nays: 49 - 0.
- 2025-03-05Committee Consideration and Mark-up Session Held
- 2025-02-21Referred 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.
Showing 15 of 18 actions. Full history on Congress.gov.
CRS Summary
As of 2025-02-21 (00)
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.)
Cosponsors (1)
- Zachary Nunn (R-IA)
Subjects
- Congressional oversight
- Financial services and investments
- Fraud offenses and financial crimes
- Licensing and registrations
Sourced from Congress.gov (public domain).
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