What The Vote
Overview

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.

119-hr1450 — 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.. Sponsored by Rep. Beatty, Joyce [D-OH-3]. Introduced 2025-02-21. House bill. 119th Congress.

119-hr1450 119th Congress House Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
XML Congress.gov

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.

Timeline

Rep. Beatty, Joyce [D-OH-3]
Sponsor
Rep. Beatty, Joyce [D-OH-3] (D), OH
Cosponsors
Zachary Nunn (R-IA)
Introduced
2025-02-21
Committees
Banking, Housing, and Urban Affairs Committee; Foreign Affairs Committee; Financial Services Committee
Subjects
Congressional oversight; Financial services and investments; Fraud offenses and financial crimes; Licensing and registrations

Bill Activity

House
Introduced in House
2025-02-21
Committee
2025-02-21
Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Committee
2025-03-05
Ordered to be Reported by the Yeas and Nays: 49 - 0.
Reported in House
2025-03-27
Committee
2025-03-27
Committee on Foreign Affairs discharged.
Committee
2025-07-22
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Engrossed in House
2025-07-21
House Floor Vote
2025-07-21
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3517)
Senate
Referred in Senate
2025-07-22

How a Bill Becomes a Law

The typical path from introduction to law. Every bill's actual journey (above) may skip steps or stop early — most never make it past committee.

  1. 1
    Introduced

    A member files the bill in the House or Senate.

  2. 2
    Committee Review

    Referred to committee for hearings, markup, and a vote to advance it.

  3. 3
    Floor Vote

    The full chamber debates and votes on passage.

    This bill is here
  4. 4
    Second Chamber

    If passed, it repeats committee review and a floor vote in the other chamber.

  5. 5
    Resolve Differences

    If the chambers pass different versions, a conference reconciles them.

  6. 6
    Sent to President

    The reconciled bill is enrolled and delivered to the White House.

  7. 7
    Signed or Vetoed

    Becomes law with a signature, or automatically after 10 days.

    ✓ Becomes Law ✗ Vetoed

A veto can still be overridden by a two-thirds vote in both chambers. And once a bill is signed into law, further changes come from new amending legislation — not edits to the original text.

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