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.