This resolution would reject a new Financial Crimes Enforcement Network rule that requires registered investment advisers and exempt reporting advisers to file suspicious activity reports as part of anti-money laundering and terrorism financing prevention efforts. The rule, which was published in the Federal Register on September 4, 2024, would expand reporting requirements for investment firms to help detect and prevent financial crimes. If passed, the resolution would nullify the rule entirely, preventing it from taking effect and eliminating the new reporting obligations for these financial advisers. The measure uses the congressional disapproval process under federal law, which allows Congress to overturn regulatory actions through a joint resolution.