HJRES. 55In Committee
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".
Nullifies FinCEN's anti money laundering rule requiring reports on certain cash residential real estate transfers to legal entities and trusts
Plain-English overview
What this bill does
Nullifies FinCEN's anti money laundering rule requiring reports on certain cash residential real estate transfers to legal entities and trusts
Key points
- Repeal FinCEN reporting rule
Current status
Where it stands
Status
In Committee
Latest action
2025-02-12 — Referred to the House Committee on Financial Services.
Related context
Topics and policy areas
undefinedFinance and Financial Sector