H.R. 1450: OFAC Licensure for Investigators Act
A House bill (H.R.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | House bill (H.R.) |
| Originating chamber | House |
| Introduced | 2025-02-21 |
| Sponsor | Rep. Beatty, Joyce [D-OH-3] |
| Policy area | International Affairs |
| Cosponsors | 1 |
| Latest action | 2025-07-22 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Last updated | 2026-07-18 |
Summary
Official summary (Introduced in House, 2025-02-21):
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.)
Cosponsors (1)
| Name | Party / state |
|---|---|
| Zachary Nunn | R IA (original cosponsor) 2025-02-21 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for H.R. 1450 are published by Congress on congress.gov.
View H.R. 1450 on congress.gov →
Frequently asked questions
What is H.R. 1450?
H.R. 1450 is a House bill (H.R.) introduced in the 119th U.S. Congress, originating in the House. Official title: OFAC Licensure for Investigators Act.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for H.R. 1450 are available on congress.gov.
Bill data: congress.gov API (official congressional records).