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Cancels a Treasury/FinCEN rule that would have applied anti‑money‑laundering requirements to residential real‑estate transfers and stops that rule from taking effect. It directs that the rule (published Aug. 29, 2024) not go into force and, under the usual effect of such disapproval, prevents the agency from issuing a substantially similar rule without new congressional authorization.
Referred to the House Committee on Financial Services.
Introduced February 12, 2025 by Andrew S. Clyde · Last progress February 12, 2025