H.J.Res. 56 explained · 119th Congress · Pending in Congress
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".
Cosponsors: none · per Congress.gov, 2026-10-12
Introduced: 2025-02-12
Latest action (2025-02-12): Referred to the House Committee on Financial Services.
What H.J.Res. 56 does, in plain terms
This joint resolution nullifies the final rule issued by the Financial Crimes Enforcement Network (FinCEN) titled Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers 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.
Official summary by the Congressional Research Service, via Congress.gov.
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