H.R. 1450 proposes that the Office of Foreign Assets Control (OFAC) create a pilot program allowing private companies to obtain licenses for nominal financial transactions to support their investigations. The bill mandates coordination with the Financial Crimes Enforcement...
Simple Explanation
H.R. 1450 is about letting certain companies get special permission to move a tiny bit of money around so they can do their own detective work, just like spies, and then they have to tell the grown-ups in charge what they find every month. This special permission thing will only go on for five years so everyone can see if it's a good idea or not.