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 measure aims to overturn a federal rule from the Financial Crimes Enforcement Network (FinCEN). The rule would require certain investment advisers to set up anti–money laundering and counter–terror finance programs and to file suspicious activity reports. The resolution says Congress disapproves of that rule for registered investment advisers and exempt reporting advisers .

• Who is affected: registered investment advisers and exempt reporting advisers
• What would change: Congress would block FinCEN’s rule on anti–money laundering programs and suspicious activity report filing for these advisers
• Practical impact if enacted: the rule would not take effect for these firms, so their new compliance duties under that rule would not apply .