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119th Congress International Affairs

H.R. 1450: OFAC Licensure for Investigators Act

Passed HouseJul 21, 2025

  1. Introduced (completed)Feb 21, 2025
  2. Passed House (completed)Jul 21, 2025
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Feb 21, 2025

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.)

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

1

Bipartisan support.

Who scored on this bill

96 points earned
  1. 1Joyce Beatty D-OH SponsorDrew cross-party cosponsors, introduced, marked up, reported, discharged, passed House6 events+92
  2. 2Zachary (Zach) Nunn R-IACosponsored; cosponsored bill passed2 events+4
See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Joyce Beatty

History

  1. Jul 21, 2025Passed the House by voice vote.
  2. Feb 21, 2025Introduced in the House by Joyce Beatty.
Show the full action history (14 actions)
  1. Jul 22, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Jul 21, 2025Mr. Hill (AR) moved to suspend the rules and pass the bill.
  3. Jul 21, 2025Considered under suspension of the rules. (consideration: CR H3517-3518)
  4. Jul 21, 2025DEBATE - The House proceeded with forty minutes of debate on H.R. 1450.
  5. 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)
  6. Jul 21, 2025On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3517)
  7. Jul 21, 2025Motion to reconsider laid on the table Agreed to without objection.
  8. Mar 27, 2025Reported by the Committee on Financial Services. H. Rept. 119-47, Part I.
  9. Mar 27, 2025Committee on Foreign Affairs discharged.
  10. Mar 27, 2025Placed on the Union Calendar, Calendar No. 34.
  11. Mar 5, 2025Committee Consideration and Mark-up Session Held
  12. Mar 5, 2025Ordered to be Reported by the Yeas and Nays: 49 - 0.
  13. Feb 21, 2025Introduced in House
  14. 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.