Legis Daily

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".

USA119th CongressHJRES-56| House 
| Updated: 2/12/2025
Andrew S. Clyde

Andrew S. Clyde

Republican Representative

Georgia

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HJRES 118-213
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 "Financial Crimes Enforcement Network: Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers".
Feb 12, 2025
Introduced in House
Feb 12, 2025
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HJRES 118-213
    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 "Financial Crimes Enforcement Network: Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers".


  • February 12, 2025
    Introduced in House


  • February 12, 2025
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

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".

USA119th CongressHJRES-56| House 
| Updated: 2/12/2025
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HJRES 118-213
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 "Financial Crimes Enforcement Network: Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers".
Feb 12, 2025
Introduced in House
Feb 12, 2025
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HJRES 118-213
    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 "Financial Crimes Enforcement Network: Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers".


  • February 12, 2025
    Introduced in House


  • February 12, 2025
    Referred to the House Committee on Financial Services.
Andrew S. Clyde

Andrew S. Clyde

Republican Representative

Georgia

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted