H. J. RES. 55 is a joint resolution that seeks to cancel a specific rule related to anti-money laundering regulations for residential real estate transfers. This rule was submitted by the Financial Crimes Enforcement Network and published in the Federal Register on August 29,...
Simple Explanation
H.J. Res. 55 is a special plan from Congress to stop a rule that was made to catch bad guys using houses to hide their money. If this plan is approved, it means that the rule won't work anymore.