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.