H.R. 1450 explained · 119th Congress · Pending in Congress
OFAC Licensure for Investigators Act
Cosponsors: 1 (0 D, 1 R) · per Congress.gov, 2026-10-11
Introduced: 2025-02-21
Latest action (2025-07-22): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
What H.R. 1450 does, in plain terms
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 by the Congressional Research Service, via Congress.gov.
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