OFAC Licensure for Investigators Act
The summary
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.)
Legislative timeline
From introduction
Feb 21, 2025
Introduced & referred to committee
Congressional support
Sponsors & Cosponsors
U.S. Representative - OH District 3 · D-OH
Roll-call vote
The vote, by member
The vote, by member
VERSION CHANGES
What changed,
and where.
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Bill Metadata
| Congress | 119 |
| Bill Type | HR |
| Bill Number | 1450 |
| Origin Chamber | House |
| Current Status | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Policy Area | International Affairs |
| Primary Committee | Not assigned |
| Introduced | February 21, 2025 |
| Latest Action | July 22, 2025 |
| Cosponsors | 1 · House vote — · — views |