S.J.Res. 15 · 119th Congress · Senate

A joint resolution disapproving the rule submitted by the Financial Crimes Enforcement Network relating to "Anti-Money Laundering Regulations for Residential Real Estate Transfers".

Active· Introduced in Senate
Introduced
Feb 5, 25
Passed Senate
Pending
Passed House
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 05, 2025Senate

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  2. FEB 05, 2025Library of Congress

    Introduced in Senate

Committees

1

Banking, Housing, and Urban Affairs Committee

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Referred: Feb 5, 2025

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