House Unanimously Passes Beatty-Led Bill to Bolster Investigations into Sanctioned Entities

WASHINGTON, D.C. – This evening, the House unanimously passed H.R. 1450, the Office of Foreign Assets Control (OFAC) Licensure for Investigators Act, a bipartisan initiative led by Congresswoman Joyce Beatty (OH-03) and Congressman Zach Nunn (IA-03). This legislation would strengthen our national security by improving OFAC’s investigative capabilities against sanctioned individuals.  

The bill directs the Secretary of the Treasury to launch a targeted pilot program within the Office of Terrorism and Financial Intelligence (TFI), allowing select private sector firms to obtain temporary licenses for limited financial transactions with sanctioned entities. The goal is to enable data and intelligence gathering that supports law enforcement efforts, protects consumers, and strengthens the broader financial system.

“This commonsense legislation seeks to enhance the tools at our disposal to investigate sanctioned individuals and entities, and hold bad actors accountable,” said Beatty on the House floor in support of the bill. “That’s very important.”

H.R. 1450 now advances to the Senate for further consideration.

Watch Congresswoman Beatty’s full floor speech in support of the bill HERE. 

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