HB1164
Type: B Origin: House USA Comments: 0

Ofac Outreach And Engagement Capabilities Enhancement Act

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The OFAC Outreach and Engagement Capabilities Enhancement Act aims to enhance the outreach and engagement efforts of the Office of Foreign Assets Control (OFAC). The bill focuses on improving communication with stakeholders, increasing transparency, and providing guidance on compliance with economic sanctions. It seeks to strengthen OFAC's ability to engage with various entities, including financial institutions, businesses, and individuals, to ensure better understanding and adherence to U.S. sanctions policies. Overall, the bill aims to streamline OFAC's outreach activities and improve its effectiveness in implementing and enforcing economic sanctions.

Bill Activity

  • 2023-02-24: Introduced in House

  • 2023-02-24: Referred to the House Committee on Foreign Affairs.

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