Search Results for keywords:"investigations"

Search Results: keywords:"investigations"

H. R. 6370 — An Act To require the Office of Foreign Assets Control to develop a program under which private sector firms may receive a license to conduct nominal financial transactions in furtherance of the firms’ investigations, and for other purposes.
January 12, 2024
Status:Engrossed in House
Congress:118
Words:724
H. R. 6370, also known as the "OFAC Licensure for Investigators Act," mandates that the Office of Foreign Assets Control (OFAC) create a pilot program for providing private companies with licenses to conduct small financial transactions to aid in their investigations. These...
Simple Explanation
Imagine a special permission slip that lets companies do tiny money trades to help them find out important things during an investigation. This bill wants to create a program giving out those permission slips and checking if it's working well over five years.
H. R. 6370 — To require the Office of Foreign Assets Control to develop a program under which private sector firms may receive a license to conduct nominal financial transactions in furtherance of the firms’ investigations, and for other purposes.
January 09, 2024
Status:Reported in House
Congress:118
Words:714
H.R. 6370, titled the "OFAC Licensure for Investigators Act," aims to direct the Office of Foreign Assets Control to create a pilot program where private companies can obtain licenses to perform small-scale financial transactions as part of their investigative work. The...
Simple Explanation
H.R. 6370 is about making a rule where special businesses can get permission to do tiny money trades to help them look into things, but they have to tell what they did every month, and the rule will stop after five years.

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