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      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 171, Number 29 (Wednesday, February 12, 2025)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. CLYDE:H.J. Res. 55.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18[Page H678]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <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".</title>
        <congress>119</congress>
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          <actionDate>2025-02-05</actionDate>
          <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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        <actionDate>2025-02-12</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
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        <fullName>Rep. Clyde, Andrew S. [R-GA-9]</fullName>
        <firstName>Andrew</firstName>
        <lastName>Clyde</lastName>
        <party>R</party>
        <state>GA</state>
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        <district>9</district>
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        <fullName>Rep. Sessions, Pete [R-TX-17]</fullName>
        <firstName>Pete</firstName>
        <lastName>Sessions</lastName>
        <party>R</party>
        <state>TX</state>
        <district>17</district>
        <sponsorshipDate>2025-09-09</sponsorshipDate>
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      <name>Finance and Financial Sector</name>
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      <policyArea>
        <name>Finance and Financial Sector</name>
        <updateDate>2025-02-21T13:17:10Z</updateDate>
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          <text>&lt;p&gt;This joint resolution nullifies the final rule issued by the Financial Crimes Enforcement Network (FinCEN) titled &lt;em&gt;Anti-Money Laundering Regulations for Residential Real Estate Transfers &lt;/em&gt;and published on August 29, 2024. This rule requires persons involved in real estate closings and settlements to report to FinCEN any non-financed (i.e., cash) transfers of residential property to certain legal entities and trusts.&lt;/p&gt;</text>
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    <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 Regulations for Residential Real Estate Transfers".</title>
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        <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 Regulations for Residential Real Estate Transfers".</title>
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        <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 Regulations for Residential Real Estate Transfers".</title>
        <updateDate>2025-02-13T09:06:51Z</updateDate>
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    <latestAction>
      <actionDate>2025-02-12</actionDate>
      <text>Referred to the House Committee on Financial Services.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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