Financial Reporting Threshold Modernization Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 1799 Reported in House (RH)] <DOC> Union Calendar No. 478 119th CONGRESS 2d Session H. R. 1799 [Report No. 119-556] To update thresholds for certain currency transaction reports and suspicious activity reports, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 3, 2025 Mr. Loudermilk (for himself, Mr. Barr, Mr. Downing, and Mr. Moore of North Carolina) introduced the following bill; which was referred to the Committee on Financial Services March 19, 2026 Additional sponsors: Mr. Rose, Mr. Bilirakis, Mr. Collins, Mr. Carter of Georgia, Mr. Fulcher, Mr. Massie, Mr. Begich, Mr. Soto, Mr. Fleischmann, Mr. Nunn of Iowa, Mrs. Biggs of South Carolina, Mr. Rogers of Alabama, Mr. Ezell, Mr. Hudson, Mrs. Harshbarger, Ms. Maloy, and Mr. Harrigan March 19, 2026 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed [Strike out all after the enacting clause and insert the part printed in italic] [For text of introduced bill, see copy of bill as introduced on March 3, 2025] _______________________________________________________________________ A BILL To update thresholds for certain currency transaction reports and suspicious activity reports, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Financial Reporting Threshold Modernization Act''. SEC. 2. UPDATING THRESHOLDS FOR CERTAIN CURRENCY TRANSACTION REPORTS AND SUSPICIOUS ACTIVITY REPORTS. (a) Thresholds for Certain Currency Transaction Reports.-- (1) Currency transaction reports.--The Secretary of the Treasury shall-- (A) not later than the end of the 180-day period beginning on the date of the enactment of this Act, revise regulations issued with