Senate
Feb 5, 2025

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

Summary

Official

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.

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Bill Progress

Bill has been introduced and assigned a number

Introduced(2/5/25)
Committee
Passed House
Passed Senate
President
Law

Sponsor

ML

Mr. Lee

Senate (R) Utah

Latest Action

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

Feb 5, 2025

View Bill on Congress.gov