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".

This joint resolution would cancel a rule made by the Financial Crimes Enforcement Network (FinCEN) that was published on August 29, 2024. The rule requires people involved in closing real estate deals to report cash purchases of homes to FinCEN when the buyer is a legal entity or trust. If passed, this resolution would eliminate that reporting requirement.

Your Vote