Congress·Passed House·H.R. 1450

OFAC Licensure for Investigators Act

Financial Investigations: New Licenses for Private Firms

Jul 22, 2025·View on Congress.gov·Read full text

Next up: The SenateNo action in 11 months

The Senate must act next: Senate consideration, where most legislation needs 60 votes to advance.

Legislative Progress

✓ House

Senate

President

Law

Likely to pass

The bill has already passed the House and addresses national security issues that often receive support from both parties in the Senate.

Key Points

This bill creates a five-year test program through the Treasury Department. It allows private companies to get special permission to send or receive small amounts of money that would normally be blocked by U.S. sanctions rules.
These small payments are meant to help investigators track down money laundering, terrorism, or other illegal activities. By following the money, private firms can help the government identify people or groups who are breaking the law.
Companies that get these licenses must send detailed reports every month to the government. This ensures the program is being used correctly and that the information gathered is shared with federal law enforcement agencies.
The Treasury Department will also have to give regular updates and secret briefings to Congress. They will explain how many companies are participating and whether the program is actually helping catch criminals.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

5 milestones14 actions

Jul 22, 2025Senate

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Jul 21, 2025House

Motion to reconsider laid on the table Agreed to without objection.

Jul 21, 2025House

On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3517)

The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.

Jul 21, 2025

Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3517)

The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.

Jul 21, 2025House

DEBATE - The House proceeded with forty minutes of debate on H.R. 1450.

No votes, news coverage, or related bills recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

OFAC Licensure for Investigators Act

Bill NumberHR 1450

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(1)

R: 1

Analysis generated by AI. Always verify with official sources.