senateStanding
Banking, Housing, and Urban Affairs Committee
- Referred To
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H.R. 1450Passed House
OFAC Licensure for Investigators Act
Introduced: Feb 21, 2025
Latest action date: Jul 22, 2025
Latest development
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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- Congress
- 119th Congress
- Introduced
- Feb 21, 2025
- Recorded roll calls
- 0
Status detail: The full action history records passage in the House.
Plain-language overview
What this bill does
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.)
Official summary from Congress.gov.
Civixly topics
What this legislation is about
Civixly topics make federal and state legislation comparable. They are derived from the official CRS policy area and legislative subjects.
Official CRS policy area
International Affairs
View 4 official legislative subjects
Congressional oversightFinancial services and investmentsFraud offenses and financial crimesLicensing and registrations
Committee activity
Committees and subcommittees that received, reviewed, marked up, or reported this legislation.
Official committee record ↗
houseStanding
Foreign Affairs Committee
- Referred To
- Discharged From
houseStanding
Financial Services Committee
- Referred To
- Markup By
- Reported By
Amendments
Proposed changes to this measure, with their latest official outcome or action from Congress.gov.
No amendments are listed for this measure.
Checked against Congress.gov Sep 30, 2026.
Action timeline
Newest action first. Action language comes from the official Congress.gov record.
View full action timeline17 actions
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
IntroReferralSenateMotion to reconsider laid on the table Agreed to without objection.
FloorHouse floor actionsPassed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3517)
FloorLibrary of CongressOn motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3517)
FloorHouse floor actionsDEBATE - The House proceeded with forty minutes of debate on H.R. 1450.
FloorHouse floor actionsConsidered under suspension of the rules. (consideration: CR H3517-3518)
FloorHouse floor actionsMr. Hill (AR) moved to suspend the rules and pass the bill.
FloorHouse floor actionsReported by the Committee on Financial Services. H. Rept. 119-47, Part I.
CommitteeLibrary of CongressCommittee on Foreign Affairs discharged.
DischargeHouse floor actionsCommittee on Foreign Affairs discharged.
CommitteeLibrary of CongressReported by the Committee on Financial Services. H. Rept. 119-47, Part I.
CommitteeHouse floor actionsPlaced on the Union Calendar, Calendar No. 34.
CalendarsHouse floor actionsCommittee Consideration and Mark-up Session Held
CommitteeHouse committee actionsOrdered to be Reported by the Yeas and Nays: 49 - 0.
CommitteeHouse committee actionsReferred 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.
IntroReferralHouse floor actionsIntroduced in House
IntroReferralLibrary of CongressIntroduced in House
IntroReferralLibrary of Congress
Roll-call votes
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