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".
119-HJRES-55119th CongressIntroduced Feb 12, 2025Finance and Financial Sector
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Referred to the House Committee on Financial Services.
Sponsor
Rep. Clyde, Andrew S. [R-GA-9](R-GA-9)1 cosponsor
Summary
This joint resolution nullifies the final rule issued by the Financial Crimes Enforcement Network (FinCEN) titled Anti-Money Laundering Regulations for Residential Real Estate Transfers 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.
Actions (3)
Referred to the House Committee on Financial Services.
Feb 12, 2025House floor actions
Introduced in House
Feb 12, 2025Library of Congress
Introduced in House
Feb 12, 2025Library of Congress