119th Congress · introduced in the House · Feb 21, 2025
OFAC Licensure for Investigators Act
Official title from Congress.gov
Latest action (Jul 22, 2025): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
View on Congress.govPolicy area: International Affairs
Congressional Research Service summary, version: Introduced in House (Feb 21, 2025)
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.)
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3517)
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3517)
DEBATE - The House proceeded with forty minutes of debate on H.R. 1450.
Considered under suspension of the rules. (consideration: CR H3517-3518)
Mr. Hill (AR) moved to suspend the rules and pass the bill.
Placed on the Union Calendar, Calendar No. 34.
Committee on Foreign Affairs discharged.
Committee on Foreign Affairs discharged.
Reported by the Committee on Financial Services. H. Rept. 119-47, Part I.
Reported by the Committee on Financial Services. H. Rept. 119-47, Part I.
Ordered to be Reported by the Yeas and Nays: 49 - 0.
Committee Consideration and Mark-up Session Held
Referred 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.
Referred 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.
Congressional oversight · Financial services and investments · Fraud offenses and financial crimes · Licensing and registrations
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
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Introduced in House
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Coverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 23, 2026.
1 citation.
FDD ACTION · lobbying firm or registrant: FDD ACTION
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Banking
$150,000
Spent on own lobbying
H.R. 1422, Enhanced Iran Sanctions Act, all provisions. H.R. 1450, OFAC Licensure for Investigators Act, all provisions. H.R. 1710, PLO and PA Terror Payments Accountability Act, all provisions. H.R. 1764, Aligning SEC Regula…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing