119-hjres56

HJRES
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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".

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Introduced:
Feb 12, 2025
Policy Area:
Finance and Financial Sector

Bill Statistics

3
Actions
0
Cosponsors
1
Summaries
1
Subjects
1
Text Versions
Yes
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Latest Action

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

Summaries (1)

Introduced in House - Feb 12, 2025 00
<p>This joint resolution nullifies the final rule issued by the Financial Crimes Enforcement Network (FinCEN) titled <em>Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers</em> 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.</p>

Actions (3)

Referred to the House Committee on Financial Services.
Type: IntroReferral | Source: House floor actions | Code: H11100
Feb 12, 2025
Introduced in House
Type: IntroReferral | Source: Library of Congress | Code: Intro-H
Feb 12, 2025
Introduced in House
Type: IntroReferral | Source: Library of Congress | Code: 1000
Feb 12, 2025

Subjects (1)

Finance and Financial Sector (Policy Area)

Text Versions (1)

Introduced in House

Feb 12, 2025
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Full Bill Text

Length: 1,739 characters Version: Introduced in House Version Date: Feb 12, 2025 Last Updated: Nov 16, 2025 6:05 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.J. Res. 56 Introduced in House

(IH) ]

<DOC>

119th CONGRESS
1st Session
H. J. RES. 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''.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

February 12, 2025

Mr. Clyde submitted the following joint resolution; which was referred
to the Committee on Financial Services

_______________________________________________________________________

JOINT RESOLUTION

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''.

Resolved by the Senate and House of Representatives of the United
States of America in Congress assembled, That Congress disapproves 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'' (89 Fed. Reg. 72156
(September 4, 2024)), and such rule shall have no force or effect.
<all>
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