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 seeks to exercise congressional disapproval under the Congressional Review Act (CRA) regarding a specific rule. The target of this disapproval is a rule submitted by the Financial Crimes Enforcement Network (FinCEN) , which was published in the Federal Register on September 4, 2024. This FinCEN rule established new requirements for Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) programs and Suspicious Activity Report (SAR) filing . These requirements were specifically directed at registered investment advisers and exempt reporting advisers . If this joint resolution is passed by Congress and signed into law, the aforementioned FinCEN rule would be nullified and rendered without any legal force or effect.