Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Financial Crimes Enforcement Network relating to "Financial Crimes Enforcement Network: Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers".
HJRES 213 is a congressional disapproval resolution targeting a Financial Crimes Enforcement Network (FinCEN) rule that would require registered investment advisers and exempt reporting advisers to file suspicious activity reports under anti-money laundering rules. The bill seeks to block this rule (published in the Federal Register on September 4, 2024) by formally disapproving it under Chapter 8 of Title 5, U.S. Code. If enacted, the rule - which would have imposed new reporting obligations on these financial firms - would be voided. This resolution directly affects investment advisers subject to the proposed filing requirements. It is a procedural measure, not a new policy, aimed at preventing the rule from taking effect.
Bill status
in committee
1 of 4 stages cleared
Introduction
Oct 2024
Committee Review
Floor Vote
President
Introduced Oct 18, 2024
Last action Oct 18, 2024
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Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Oct 18, 2024
Committee
Referred to the House Committee on Financial Services.
lower
Oct 18, 2024
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Gary J. Palmer
RRepublican
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