Posts - Bill - HJRES 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".
house 02/12/2025 - 119th Congress
We're working to ensure greater oversight by proposing congressional disapproval of a rule from the Financial Crimes Enforcement Network, which mandates Anti-Money Laundering and Counter-Terrorism Financing measures for investment advisers. This step aims to reassess the balance between regulation and the responsibilities placed on financial advisers.
Congress.gov
HJRES 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".
Views
left-leaning 02/12/2025
Blocking this rule is like putting a welcome mat out for financial criminals.
right-leaning 02/12/2025
Enough of these bureaucratic barriers that choke our financial advisors.
left-leaning 02/12/2025
Why make it easier for the rich to hide their dirty laundry?
left-leaning 02/12/2025
Looks like the GOP is more interested in protecting their pocketbooks than national security.
right-leaning 02/12/2025
This is a victory for privacy and free-market principles.
moderate 02/12/2025
Is Congress disapproving common sense or has 'suspicious' taken a new definition?
moderate 02/12/2025
When both sides stop using financial crime to score points, maybe we'll get somewhere.
moderate 02/12/2025
How about we actually solve the problem instead of just playing political games?
right-leaning 02/12/2025
Finally, Congress standing up against overreaching regulations!