The record

LegislationLegislation· Jan 2024
HR 6370

Sponsored by Joyce Beatty (D)

OFAC Licensure for Investigators Act

Would have required OFAC to start a five-year pilot letting private firms make nominal financial transactions for sanctions investigations.

Tradeoff

Would have let private firms make nominal transactions for sanctions investigations under an OFAC pilot. Firms with licenses would have had to file monthly reports to OFAC.

What's in it

See official bill text

The House passed this bill by on January 12, 2024. The Senate never voted on it before the Congress ended.

  1. House

    Introduced

    (Nov 13, 2023)

  2. House

    Committee on Financial Services(Nov 13, 2023)

    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 50 - 0(Nov 14, 2023)

    Committee report H. Rept. 118-341, Part I.

  4. House

    Passage of the bill

    Passed by (Jan 12, 2024)

    No individual votes were recorded.

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Jan 16, 2024)