Senate
Feb 5, 2025A 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.
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