SJRES 15
119th Congress
Senate
Finance and Financial Sector
A joint resolution disapproving the rule submitted by the Financial Crimes Enforcement Network relating to "Anti-Money Laundering Regulations for Residential Real Estate Transfers".
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 5, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 5, 2025
Introduced in Senate
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.