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 "Anti-Money Laundering Regulations for Residential Real Estate Transfers".
HJRES 55 is a congressional disapproval resolution targeting a specific rule by the Financial Crimes Enforcement Network (FinCEN). It seeks to block FinCEN's August 2024 regulation requiring real estate professionals to report large cash transactions in residential property deals to combat money laundering. If passed, this resolution would nullify the rule (89 Fed. Reg. 70258), preventing it from taking effect. The measure directly affects real estate agents, title companies, and financial institutions that would have been required to comply with the reporting obligations. The resolution follows standard congressional review procedures under Title 5, U.S. Code.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
President
Introduced Feb 12, 2025
Last action Feb 12, 2025
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How they voted
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Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Feb 12, 2025
Committee
Referred to the House Committee on Financial Services.
lower
Feb 12, 2025
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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