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Jan 16, 2024 Referred in Senate Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs See what changed
Jan 12, 2024 Engrossed in House See what changed
Nov 13, 2023viewing Reported in House Mrs. Beatty (for herself and Mr. Nunn of Iowa) introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned See what changed
Nov 13, 2023 Introduced in House Mrs. Beatty (for herself and Mr. Nunn of Iowa) introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

H.R. 6370 — what changed

OFAC Licensure for Investigators Act

From Introduced in House to Reported in House. 1 section amended between Introduced in House and Reported in House.

Sec. 2 Sending and receiving of nominal amounts

(a)

changed In general— The Director of the Office of Foreign Assets Control shall, not later than 1 year after the date of the enactment of this ~~section,~~ Act, establish a pilot program under which a private sector firm may receive a license to conduct nominal financial transactions in furtherance of the firm’s investigations.

(b)

changed Coordination— When establishing and carrying out the pilot program required under subsection (a), the Director of the of the Office of Foreign Assets Control shall coordinate with the Director of the Financial Crimes Enforcement Network for the purposes of supporting activities of the ~~Financial Crimes Enforcement Network~~ FinCEN Exchange, as described in section 310(d) of title 31 of the United States Code.

(c)

Reporting on activities— Each private sector firm that receives a license described under subsection (a) shall submit a detailed monthly report to the Director of the Office of Foreign Assets Control on the activities of the firm conducted under such license.

(d)

Termination— The pilot program established by the Director of the Office of Foreign Assets Control under subsection (a) shall terminate on the date that is 5 years after the date on which the Director of the Office of Foreign Assets Control establishes such program.

H.R. 6370 — what changed

Sec. 2 Sending and receiving of nominal amounts

Cite this provision

Incoming references