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 "Financial Crimes Enforcement Network: Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers".

Bill 118 hjres 213 is a piece of legislation that aims to disapprove of a rule submitted by the Financial Crimes Enforcement Network (FinCEN) regarding the Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers. The rule in question pertains to the reporting requirements for financial institutions in order to combat money laundering and terrorist financing.

The bill falls under chapter 8 of title 5 of the United States Code, which allows Congress to review and potentially overturn regulations proposed by federal agencies. In this case, Congress is seeking to disapprove of the rule submitted by FinCEN, which outlines the specific reporting requirements for registered investment advisers and exempt reporting advisers.

The purpose of the bill is to ensure that the regulations put forth by FinCEN are in line with congressional intent and do not place undue burdens on financial institutions. By disapproving of the rule, Congress is asserting its authority to oversee and regulate the financial industry in order to protect against illicit financial activities. Overall, Bill 118 hjres 213 is a significant piece of legislation that highlights the ongoing efforts to combat money laundering and terrorist financing within the financial sector. It underscores the importance of transparency and accountability in financial reporting in order to safeguard against criminal activities.