HJRES 55In committeeFinancehouse

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".

Introduced Feb 12, 2025 by Rep. Andrew S. Clyde

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Latest action · Feb 12, 2025

Referred to the House Committee on Financial Services.

What it does

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.

Summary by the Congressional Research Service.

Roll-call votes

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