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US HB1799
Bill
Status
3/3/2025
Primary Sponsor
Barry Loudermilk
Click for details
AI Summary
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Raises the currency transaction report (CTR) threshold from $10,000 to $30,000, with Treasury required to implement within 180 days of enactment
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Increases suspicious activity report (SAR) thresholds from $5,000 to $10,000 and from $2,000 to $3,000 within 180 days
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Updates the money services business definition threshold from $1,000 to $3,000 for regulatory purposes
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Requires automatic inflation adjustments every 5 years based on the Consumer Price Index for All Urban Consumers
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Amends reporting requirements under 31 U.S.C. 5313, 5318(g), and 5331 for coins and currency received in nonfinancial trade or business
Legislative Description
Financial Reporting Threshold Modernization Act
Finance and financial sector
Last Action
Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 24.
1/22/2026