Sponsors (9)
The bill reduces routine cash-reporting burdens for individuals and keeps thresholds current via inflation updates, but it decreases reporting transparency for law enforcement and imposes compliance costs on financial institutions.
Taxpayers and bank customers will have fewer routine cash-reporting obligations because the reportable-cash threshold increases from $10,000 to $30,000.
Financial institutions and taxpayers will face less threshold erosion over time because reporting requirements will be indexed/regularly updated for inflation, reducing the need for frequent rulemaking.
Financial institutions may experience more efficient anti-money-laundering (AML) processes if Treasury implements reviews, better aggregation/prioritization, and automation of forms, which could reduce unnecessary burdens on banks.
Taxpayers and law enforcement will see reduced transactional visibility because raising the reporting threshold to $30,000 allows more cash transactions to go unreported.
The public and investigators may find some illicit cash activity, including money laundering and tax evasion, harder to detect because fewer transactions will trigger reporting requirements.
Banks and other regulated entities will incur costs to update systems, forms, and to implement the Secretary’s mandated reviews and any resulting revised rules.
Based on analysis of 2 sections of legislative text.
Raises many BSA cash-reporting thresholds (statutory $10,000 → $30,000 and related lower thresholds), requires regulatory and form updates, and mandates 5‑year CPI‑U inflation adjustments.
Official title: Require updates to the threshold amounts applicable to certain currency transaction reports, and for other purposes.
Introduced October 20, 2025 by John Neely Kennedy · Last progress October 20, 2025
Raises many cash-reporting thresholds in federal anti-money-laundering (AML) rules from $10,000 to $30,000 (and some lower thresholds proportionally) and requires the Treasury Secretary and other agency heads to update regulations, forms, and rules to reflect those changes. It also requires automatic inflation adjustments every five years and sets deadlines for regulatory updates, reviews, and a reporting requirement to Congress on implementation and recommendations. The law leaves intact the Treasury’s authority to issue Geographic Targeting Orders and does not remove other existing legal bases for targeted reporting; it focuses on changing numeric thresholds, updating forms and rules, and building in periodic CPI‑U adjustments going forward.