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".

This joint resolution would cancel a rule made by the Financial Crimes Enforcement Network that was published on September 4, 2024. The rule requires certain investment advisers to follow anti-money laundering and counterterror financing rules, including reporting suspicious financial activity to the government. If passed, this resolution would eliminate those requirements for investment advisers.

Your Vote