WASHINGTON, April 26 -- The House Financial Services Committee issued a report (H.Rpt. 119-47) on the OFAC Licensure For Investigators Act (H.R. 1450), which aims 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. The report was advanced by Rep. French Hill, R-Arkansas, on March 27, 2025. Here are excerpts: * * * PURPOSE AND SUMMARY I  more

WASHINGTON, April 26 -- The House Financial Services Committee issued a report (H.Rpt. 119-48) on the Taiwan Conflict Deterrence Act (H.R. 1716), which aims to deter Chinese aggression towards Taiwan by requiring the Secretary of the Treasury to publish a report on financial institutions and accounts connected to senior officials of the People's Republic of China and to restrict financial services for certain immediate family of such officials. The report was advanced by Rep. French Hill, R-Arka  more