HJRES 56 · 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".
Referred to the House Committee on Financial Services.
- Introduced
- Feb 12, 2025
- Latest action
- Feb 12, 2025
- Sponsor
- Rep. Andrew S. Clyde [R-GA-9]
- Policy area
- Finance and Financial Sector
- Cosponsors
- 0
Summary
This joint resolution nullifies the final rule issued by the Financial Crimes Enforcement Network (FinCEN) titled Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers and published on September 4, 2024. The rule expands existing anti-money laundering and counterterror financing requirements (e.g., reporting suspicious financial activity to FinCEN) to include certain investment advisers.
Recent actions
- Feb 12, 2025 Referred to the House Committee on Financial Services.
- Feb 12, 2025 Introduced in House
- Feb 12, 2025 Introduced in House
Votes
No recorded votes are available for this bill.