H.R. 1164 · 118th Congress
OFAC Outreach and Engagement Capabilities Enhancement Act
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
LynchSponsorNo cosponsors.
This bill addresses the outreach activities of the Office of Foreign Assets Control (OFAC), including by requiring the Government Accountability Office (GAO) to assess such outreach activities. (OFAC, within the Department of the Treasury, is one of the agencies that administers and enforces economic and trade sanctions.)
What it does: CRS summary · Introduced in House · Feb 24, 2023
OFAC Outreach and Engagement Capabilities Enhancement Act
This bill addresses the outreach activities of the Office of Foreign Assets Control (OFAC), including by requiring the Government Accountability Office (GAO) to assess such outreach activities. (OFAC, within the Department of the Treasury, is one of the agencies that administers and enforces economic and trade sanctions.)
Specifically, GAO must conduct a study examining various aspects of OFAC’s outreach activities, including (1) the goal and strategy of such activities; and (2) how, if at all, the activities help with sanctions enforcement.
After reviewing the GAO study, OFAC must assess the feasibility of a voluntary public-private information sharing program to support efforts to administer and enforce economic sanctions.
After reviewing the GAO study and OFAC feasibility assessment, Treasury may direct OFAC to establish a pilot program to facilitate such voluntary public-private information sharing.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: OFAC Outreach and Engagement Capabilities Enhancement Act
Latest action (Feb 24, 2023): Referred to the House Committee on Foreign Affairs.
Policy area: International Affairs · Origin: House · Introduced: Feb 24, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.