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Disapproval of Anti-Money Laundering Rules for Investment Advisers

This document is a Congressional proposal to reject new anti-money laundering and counter-terrorism financing rules that were intended to cover investment advisers. If Congress approves this proposal, investment advisers will not have to comply with these new requirements, which may affect how their finances are monitored.
Key points
Congress seeks to disapprove new anti-money laundering rules for investment advisers.
If approved, investment advisers will not be required to file suspicious activity reports, potentially impacting financial market oversight.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HJRES_56
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/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers".

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HJRES_56.

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:

  • Congress seeks to disapprove new anti-money laundering rules for investment advisers.
  • If approved, investment advisers will not be required to file suspicious activity reports, potentially impacting financial market oversight.
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

Economy Courts and Law