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Blocking FinCEN Anti-Money Laundering Rules for Real Estate Transfers

This resolution aims to disapprove the final rule submitted by the Financial Crimes Enforcement Network (FinCEN) relating to Anti-Money Laundering Regulations for Residential Real Estate Transfers. If enacted, the rule (published in the Federal Register on August 29, 2024) will have no force or effect.
Key points
Disapproval of the FinCEN rule regarding Anti-Money Laundering Regulations for Residential Real Estate Transfers.
Nullification of the regulation published on August 29, 2024, in the Federal Register.
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Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_SJRES_15
Sponsor: Sen. Lee, Mike [R-UT]
Process start date: 2025-02-05
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OFFICIAL LEGAL TITLE

A joint resolution disapproving 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_SJRES_15.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-02-05.

What are the main provisions?

Key points include:

  • Disapproval of the FinCEN rule regarding Anti-Money Laundering Regulations for Residential Real Estate Transfers.
  • Nullification of the regulation published on August 29, 2024, in the Federal Register.
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 Sen. Lee, Mike [R-UT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

CATEGORIES

Real Estate Economy