H.J.Res. 55 · 119th Congress · House

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".

Active· Introduced in House
Introduced
Feb 12, 25
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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.

Action Timeline

2
  1. FEB 12, 2025House floor actions

    Referred to the House Committee on Financial Services.

  2. FEB 12, 2025Library of Congress

    Introduced in House

Committees

1

Financial Services Committee

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Referred: Feb 12, 2025

Active