H.J.Res. 55 · 119th Congress
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".
In committee
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Bill details
Introduced: 2/12/2025
Current status: In committee
Introduced by: Andrew S. Clyde (R · GA-09)
Bill ID: 119hjres55
Latest official action: Referred to the House Committee on Financial Services.
Bill overview
A neutral overview based on official congressional sources.
Introduced in House
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.
Source: BILLSUM · Summary date: 2/12/2025
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