Politiparty
Politiparty

119th Congress Finance and Financial Sector

H.J.Res. 55: Disapproval of Financial Crimes Enforcement Network rule: Anti-Money Laundering Regulations for Residential Real Estate Transfers

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

  1. Introduced (completed)Feb 12, 2025
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Feb 12, 2025

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.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

1

Who scored on this bill

0 points earned

No member has earned points from it yet.

See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Andrew Clyde

History

  1. Feb 12, 2025Introduced in the House by Andrew Clyde.
Show the full action history (2 actions)
  1. Feb 12, 2025Introduced in House
  2. Feb 12, 2025Referred to the House Committee on Financial Services.