119th Congress · SENATE JOINT RESOLUTIONBILL

S.J.Res. 15 — A joint resolution 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".”

Finance and financial sector

Introduced Feb 5, 2025

Last action Feb 5, 2025

Pipeline · Bill → Law

Step 1

Introduced

Feb 5, 2025

Step 2

Referred

Feb 5, 2025

Banking, Housing, and Urban Affairs

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS 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.

Provisions · 1 sectionsIntroduced in Senate

Timeline · 2 actions

Feb 5, 2025

Introduced in Senate

Feb 5, 2025

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.