Politiparty
Politiparty

119th Congress Finance and Financial Sector

S.J.Res. 15: Disapproving the rule submitted by the Financial Crimes Enforcement Network relating to "Anti-Money Laundering Regulations for Residential Real Estate Transfers"

A joint resolution disapproving 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 5, 2025
  2. Passed Senate (not reached)
  3. Passed House (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in Senate, Feb 5, 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.

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Other bills by Mike Lee

History

  1. Feb 5, 2025Introduced in the Senate by Mike Lee.
Show the full action history (2 actions)
  1. Feb 5, 2025Introduced in Senate
  2. Feb 5, 2025Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.