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HR 1799119th CongressIntroduced
Financial Reporting Threshold Modernization Act
Introduced: Oct 22, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Financial Reporting Threshold Modernization Act increases currency transaction and suspicious activity report thresholds to account for inflation.
Key Points
- 1Increases currency transaction report threshold from $10,000 to $30,000
- 2Updates thresholds every 5 years based on Consumer Price Index
- 3Raises suspicious activity report thresholds from $5,000 to $10,000 and $2,000 to $3,000
- 4Increases money services business definition thresholds from $1,000 to $3,000
- 5Requires implementation within 180 days of enactment
Impact Areas
Financial institutionsAnti-money laundering complianceBanking industryTreasury Department regulationsSmall businesses and consumers
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