Search Results for keywords:"office of foreign assets control"

Search Results: keywords:"office of foreign assets control"

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 16, 2024
Status:Referred in Senate
Congress:118
Words:701
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.
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.
S. 3913 — To authorize the Director of the Office of Foreign Assets Control of the Department of the Treasury to use a portion of the amounts seized through the enforcement of sanctions to recover the costs of such enforcement.
March 12, 2024
Status:Introduced in Senate
Congress:118
Words:303
S. 3913, also known as the "Sanctions Recovery Act of 2024," allows the Director of the Office of Foreign Assets Control in the Department of the Treasury to use a portion of the foreign assets seized through sanctions enforcement to cover enforcement costs. Specifically, it...
Simple Explanation
The bill lets the person in charge of seizing money from other countries use a small part of that money to pay for the costs of taking it, just like using some of your birthday money to buy gift wrap for someone else.
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. 7358 — To provide for a limitation on funds to implement, administer, or enforce certain general licenses issued by the Office of Foreign Assets Control of the Department of the Treasury.
February 14, 2024
Status:Introduced in House
Congress:118
Words:337
H. R. 7358, titled the "No Carveouts for Terrorists Act," aims to stop the use of federal funds to enforce specific licenses granted by the Office of Foreign Assets Control (OFAC) of the Department of the Treasury. These licenses were issued on January 17, 2024. The bill...
Simple Explanation
The "No Carveouts for Terrorists Act" is a rule that wants to stop the U.S. government from spending money to allow certain permissions about sending or trading things with a group called Ansarallah, which is on a list of bad guys. If new permissions are needed, Congress has to say okay before they can be used.
S. 5306 — To authorize the imposition of sanctions with respect to significant actions that exacerbate climate change, to reinforce comprehensive efforts to limit global average temperature rise, and for other purposes.
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November 13, 2024
Status:Introduced in Senate
Congress:118
Words:3,773
S. 5306 aims to combat climate change by allowing the U.S. government to impose sanctions on foreign individuals or entities responsible for significant actions that increase greenhouse gas emissions, contribute to deforestation, or harm environmental defenders. The bill...
Simple Explanation
S. 5306 is like a rulebook that helps the U.S. stop people and businesses from hurting the planet. It says that if someone cuts down lots of trees or lies about their projects harming nature, they might get in trouble.

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