H.R. 6370, titled the OFAC Licensure for Investigators Act, proposes the creation of a pilot program by the Office of Foreign Assets Control to allow private firms to acquire licenses for conducting small financial transactions to aid their investigations. The program would...
Simple Explanation
H.R. 6370 is a plan where the government wants to let some companies borrow a special pass (called a license) to spend tiny bits of money to help them with their detective work, and these companies have to tell the government what they do every month. This plan will last for five years to see how well it works.