Federal · 119th Congress
OFAC Licensure for Investigators Act
Policy areaInternational Affairs
Summary
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.)
Sponsor
Cosponsors
Other titles3
To require the Office of Foreign Assets Control to develop a program under which private sector firms may receive a license to conduct nominal financial transactions in furtherance of the firms' investigations, and for other purposes.Official Title as Introduced
OFAC Licensure for Investigators ActShort Title(s) as IntroducedShort Title(s) as Reported to HouseShort Title(s) as Passed HouseShort Titles from RFS (Referred to Senate) bill text
To require the Office of Foreign Assets Control to develop a program under which private sector firms may receive a license to conduct nominal financial transactions in furtherance of the firms’ investigations, and for other purposes.Official Titles from EH (Engrossed in House) bill text
Legislative history14
Jul 22, 2025
SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 21, 2025
House · FloorMotion to reconsider laid on the table Agreed to without objection.
Jul 21, 2025
House · FloorOn motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3517)
Jul 21, 2025
House · FloorDEBATE - The House proceeded with forty minutes of debate on H.R. 1450.
Jul 21, 2025
House · FloorConsidered under suspension of the rules. (consideration: CR H3517-3518)
Jul 21, 2025
House · FloorMr. Hill (AR) moved to suspend the rules and pass the bill.
Mar 27, 2025
HousePlaced on the Union Calendar, Calendar No. 34.
Mar 27, 2025
HouseCommittee on Foreign Affairs discharged.
Mar 27, 2025
House · CommitteeReported by the Committee on Financial Services. H. Rept. 119-47, Part I.
Mar 5, 2025
House · CommitteeOrdered to be Reported by the Yeas and Nays: 49 - 0.
Mar 5, 2025
House · CommitteeCommittee Consideration and Mark-up Session Held
Feb 21, 2025
HouseReferred 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.
12 of 14
Documents5
Texts
As referred to a Senate committeeLatestReferred in SenateU.S. Government Publishing OfficeJul 22, 2025As passed by the HouseEngrossed in HouseU.S. Government Publishing OfficeJul 21, 2025As reported by the House committeeReported in HouseU.S. Government Publishing OfficeMar 27, 2025As introduced in the HouseIntroduced in HouseU.S. Government Publishing OfficeFeb 21, 2025