Sponsors (9)
The bill eases reporting and routine scrutiny for lawful cash users by raising and indexing cash-reporting thresholds, improving convenience and predictability, at the trade-off of reduced reporting visibility that could hinder detection of illicit cash flows and impose short-term compliance costs on financial institutions.
Financial institutions will file far fewer low-value cash reports because the cash-reporting threshold rises (from $10,000 to $30,000 and other thresholds increase), cutting paperwork and compliance burden for banks and the financial system.
Individuals and small businesses will face less routine scrutiny for larger lawful cash transactions (up to the new thresholds), reducing administrative friction for everyday cash use.
Taxpayers and financial institutions will get predictable, periodic updates to reporting thresholds because thresholds will be indexed to CPI‑U every five years, preventing erosion of thresholds by inflation and reducing the need for frequent new laws.
Law enforcement may find it harder to detect some illicit cash flows because fewer transactions will trigger reporting, potentially reducing early detection of money laundering and related crimes.
Victims of financial crime and taxpayers could face delayed investigations and reduced chances of recovery if fewer suspicious transactions are reported to authorities.
Banks and other financial institutions will incur short-term costs to update systems, forms, and recordkeeping to implement the new thresholds and periodic CPI adjustments.
Based on analysis of 2 sections of legislative text.
Raises CTR threshold from $10,000 to $30,000, increases SAR thresholds ( $2,000→$3,000; $5,000→$10,000), adds 5‑year CPI-U indexing, and requires Treasury reviews and a congressional report.
Raises several cash-transaction and suspicious-activity reporting thresholds and requires Treasury and federal agencies to update forms and recordkeeping rules. Specifically, it directs Treasury to change the $10,000 currency-transaction reporting threshold to $30,000 and directs agencies that set suspicious-activity reporting thresholds to change $2,000 thresholds to $3,000 and $5,000 thresholds to $10,000, with deadlines for regulatory updates and a mandated review and report to Congress. Also requires periodic inflation adjustments: Treasury must update the new $30,000 figures and related nonfinancial trade-or-business figures every five years using CPI-U (rounded to the nearest $1,000), and preserves Treasury authority to issue geographic targeting orders or lower thresholds where allowed by law.
Introduced October 20, 2025 by John Neely Kennedy · Last progress October 20, 2025