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119-hjres-55119th CongressWALLET

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".

Sponsored By: Representative Clyde, Andrew S. [R-GA-9]

Introduced

Summary

Would nullify the Financial Crimes Enforcement Network rule on Anti-Money Laundering Regulations for Residential Real Estate Transfers. The resolution would disapprove that FinCEN rule and cause it to have no force or effect.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Cancel money-laundering rule for home sales

This resolution would void FinCEN’s rule on anti-money laundering for residential real estate transfers (89 Fed. Reg. 70258, Aug. 29, 2024). If enacted, the rule would have no force or effect. Real estate agents, title companies, and people in home deals would not have the new reporting steps. This could lower paperwork and costs, but could also reduce money-laundering checks in communities. The change would take effect upon enactment.

Sponsors & CoSponsors

Sponsor

Clyde, Andrew S. [R-GA-9]

GA • R

Cosponsors

  • Rep. Sessions, Pete [R-TX-17]

    TX • R

    Sponsored 9/9/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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