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Raises multiple federal dollar-reporting thresholds and directs the Treasury Secretary and other federal agencies to revise regulatory rules to reflect the new amounts. It requires agencies to update the specified thresholds within set timeframes and to adopt ongoing inflation adjustments tied to the CPI‑U.
The changes apply to currency-transaction reporting, certain reports about coins and currency received by nonfinancial businesses, suspicious-activity report thresholds, and some money-services-business definitions — reducing the number of transactions or receipts that must be reported at current trigger amounts and shifting rulemaking to implement the updates.
Referred to the House Committee on Financial Services.
Introduced March 3, 2025 by Barry D. Loudermilk · Last progress March 3, 2025