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Disapproval of Anti-Money Laundering Rules for Residential Real Estate

This resolution aims to invalidate new regulations that would have required additional checks in residential real estate transactions to prevent money laundering. If passed, citizens will not have to comply with these extra requirements, which could simplify the process of buying and selling property, but might also reduce oversight of potentially illegal transactions.
Key points
The resolution seeks to block new anti-money laundering rules for residential real estate transfers.
If the resolution passes, existing property buying and selling procedures will remain unchanged, without additional scrutiny requirements.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HJRES_55
Sponsor: Rep. Clyde, Andrew S. [R-GA-9]
Process start date: 2025-02-12
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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".

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HJRES_55.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-02-12.

What are the main provisions?

Key points include:

  • The resolution seeks to block new anti-money laundering rules for residential real estate transfers.
  • If the resolution passes, existing property buying and selling procedures will remain unchanged, without additional scrutiny requirements.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Clyde, Andrew S. [R-GA-9].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-21.

CATEGORIES

Real Estate Courts and Law Economy