The record

LegislationLegislation· Jul 2025
HR 1450 Passed House — in Senate

Sponsored by Joyce Beatty (D)

OFAC Licensure for Investigators Act

Lets private firms get licenses to make small financial transactions for sanctions investigations.

Tradeoff

Creates a pilot program for private investigators to conduct nominal financial transactions under OFAC oversight. No direct spending or revenue impact identified.

What's in it

See official bill text

Costs $5 million over 2025-2035 in federal spending subject to .

The $5 million is the federal cost to administer the pilot program—mostly five OFAC employees' salaries and operating expenses—while the policy's real impact falls on private firms that gain licenses to conduct otherwise-prohibited transactions with sanctioned entities for intelligence collection purposes.

H.R. 1450, OFAC Licensure for Investigators Act · May 2025

Passed the House by on July 21, 2025 — now in the Senate.

  1. House

    Introduced

    (Feb 21, 2025)

  2. House

    Committee on Financial Services(Feb 21, 2025)

    The bill went to more than one committee at the same time.

  3. House

    The Committee on Financial Services voted to send it to the floor

    Reported 49 - 0(Mar 5, 2025)

    Committee report H. Rept. 119-47, Part I.

  4. House

    Passage of the bill

    Passed by (Jul 21, 2025)

    No individual votes were recorded.

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Jul 22, 2025)