Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Financial Crimes Enforcement Network relating to "Anti-Money Laundering Regulations for Residential Real Estate Transfers".

Bill: 119-hjres-55
Sponsor: full_name: Rep. Clyde, Andrew S. [R-GA-9]
Introduced: 2025-02-12
Policy area: Finance and Financial Sector
Latest action: action_date: 2025-02-12
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2025-02-12
action_desc: Introduced in House
text: <p>This joint resolution nullifies the final rule issued by the Financial Crimes Enforcement Network (FinCEN) titled <em>Anti-Money Laundering Regulations for Residential Real Estate Transfers </em>and published on August 29, 2024. This rule requires persons involved in real estate closings and settlements to report to FinCEN any non-financed (i.e., cash) transfers of residential property to certain legal entities and trusts.</p>

tv_txt: IA 119th CONGRESS 1st Session H. J. RES. 55 IN THE HOUSE OF REPRESENTATIVES February 12, 2025 Mr. Clyde submitted the following joint resolution; which was referred to the Committee on Financial Services JOINT RESOLUTION Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Financial Crimes Enforcement Network relating to Anti-Money Laundering Regulations for Residential Real Estate Transfers .

That Congress disapproves the rule submitted by the Financial Crimes Enforcement Network relating to Anti-Money Laundering Regulations for Residential Real Estate Transfers (89 Fed. Reg. 70258 (August 29, 2024)), and such rule shall have no force or effect.