SJRES. 15In Committee
A joint resolution disapproving 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 reporting of certain cash residential real estate transfers involving legal entities and trusts
Plain-English overview
What this bill does
Nullifies FinCEN's anti-money laundering rule requiring reporting of certain cash residential real estate transfers involving legal entities and trusts
Key points
- Repeal FinCEN reporting rule
Current status
Where it stands
Status
In Committee
Latest action
2025-02-05 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related context
Topics and policy areas
undefinedFinance and Financial Sector