# 119-hr-1450: OFAC Licensure for Investigators Act

119-hr-1450, OFAC Licensure for Investigators Act, is a 119th Congress bill sponsored by Rep. Beatty, Joyce [D-OH-3] (D-OH); status passed_house; PRIA reads it as touching household money (as of 2026-07-19).

- Canonical: https://policyrisk.com/legislation/119-hr-1450
- As of: 2026-07-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-1450
- Congress: 119
- Title: OFAC Licensure for Investigators Act
- Status: passed_house
- Introduced: 2025-02-21
- Sponsor: Rep. Beatty, Joyce [D-OH-3] (D-OH)
- Cosponsors: 1
- Policy area: International Affairs
- Touches household money: yes
- Last recorded action: 2026-07-19

## Summary

**OFAC licenses for investigators**. The bill would create a pilot program allowing private firms to obtain licenses to conduct nominal financial transactions as part of investigations, require OFAC to coordinate with the Financial Crimes Enforcement Network, and limit the pilot to 5 years. - Private firms and investigators: Eligible firms could receive licenses to run small, investigatory transactions. Licensed firms must submit detailed monthly reports to OFAC about activities under the license. - OFAC and FinCEN operations: OFAC must establish and administer the pilot and work with the Financial Crimes Enforcement Network to support the FinCEN Exchange. - Congressional oversight and reporting: OFAC must report to the House Financial Services and Foreign Affairs committees and the Senate Banking and Foreign Relations committees within 1 year of starting the pilot and annually thereafter, and provide classified briefings with detailed findings and recommendations.

## Cosponsors (1)

- Rep. Nunn, Zachary [R-IA-3] (R-IA), 2025-02-21T00:00:00.000Z

## Provisions PRIA read

- Pilot licenses for investigative transactions: mixed, low. This bill would set up a pilot within 1 year so private sector firms can apply for a license. With a license, firms could make nominal financial transactions to support investigations. OFAC would run the pilot and work with the FinCEN Exchange. Licensed firms would send OFAC detailed monthly report…

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-10421: Transforming Education for the Future Act
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-7973: Momnibus Act

## Sources
- [119-hr-1450 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/1450)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-10421: Transforming Education for the Future Act](https://policyrisk.com/legislation/119-hr-10421)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-1450 (as of 2026-07-19).