A joint resolution disapproving the rule submitted by the Financial Crimes Enforcement Network relating to "Anti-Money Laundering Regulations for Residential Real Estate Transfers".

Sponsored bySen. Lee, Mike [R-UT]UT· Introduced 5 February 2025

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

5 February 2025·1 year ago

Summary

Introduced in Senate · Updated 24 September 2025

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.

Timeline

2 actions

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
5 February 2025 · IntroReferral
Introduced in Senate
5 February 2025 · IntroReferral

Sponsorship

0 cosponsors

Sponsor

Sen. Lee, Mike [R-UT]UT

Classification

Policy area

Finance and Financial Sector

Track A joint resolution disapproving the rule submitted by the Financial Crimes Enforcement Network relating to "Anti-Money Laundering Regulations for Residential Real Estate Transfers". as it moves through Congress