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US HJR55
Joint Resolution
Status
2/12/2025
Primary Sponsor
Andrew Clyde
Click for details
AI Summary
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Disapproves and nullifies the Financial Crimes Enforcement Network (FinCEN) rule on "Anti-Money Laundering Regulations for Residential Real Estate Transfers" published August 29, 2024 (89 Fed. Reg. 70258)
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Uses the Congressional Review Act (chapter 8 of title 5, U.S. Code) to overturn the federal agency rule
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Introduced by Rep. Clyde on February 12, 2025, and referred to the House Committee on Financial Services
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If enacted, the FinCEN rule would have no force or effect and the agency would be prohibited from issuing a substantially similar rule without congressional authorization
Legislative Description
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".
Finance and financial sector
Last Action
Referred to the House Committee on Financial Services.
2/12/2025