I 
119TH CONGRESS 
1ST SESSION H. R. 1799 
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 
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 Representa-
tives 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 TRANS-
ACTION REPORTS.— 
VerDate Sep 11 2014 
00:51 Mar 18, 2025
Jkt 059200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H1799.IH
H1799
ssavage on LAPJG3WLY3PROD with BILLS
(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 re-
spect to section 5313 of title 31, United States 
Code, to update each $10,000 threshold amount 
in such regulations to $30,000; and 
(B) every 5 years, update each such 
threshold amount to reflect the change in the 
Consumer Price Index for All Urban Con-
sumers published by the Bureau of Labor Sta-
tistics of the Department of Labor. 
(2) THRESHOLD FOR REPORTS RELATING TO 
COINS AND CURRENCY RECEIVED IN NONFINANCIAL 
TRADE
OR
BUSINESS.—Section 5331 of title 31, 
United States Code, is amended— 
(A) by striking ‘‘$10,000’’ each place such 
term appears in heading or text and inserting 
‘‘$30,000’’; and 
(B) by adding at the end the following: 
‘‘(e) UPDATES FOR INFLATION.—Every 5 years, the 
Secretary of the Treasury shall update each dollar figure 
under this section to reflect the change in the Consumer 
VerDate Sep 11 2014 
00:51 Mar 18, 2025
Jkt 059200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H1799.IH
H1799
ssavage on LAPJG3WLY3PROD with BILLS
Price Index for All Urban Consumers published by the 
Bureau of Labor Statistics of the Department of Labor.’’. 
(b) THRESHOLDS
FOR SUSPICIOUS ACTIVITY RE-
PORTS.—Not later than the end of the 180-day period be-
ginning on the date of the enactment of this Act, each 
Federal department or agency that issues regulations with 
respect to reports on suspicious transactions described 
under section 5318(g) of title 31, United States Code, 
shall update each $5,000 threshold amount in such regula-
tions to $10,000 and each $2,000 threshold amount in 
such regulation to $3,000. 
(c) UPDATING
THE MONEY SERVICES BUSINESS 
DEFINITION THRESHOLDS.—Not later than the end of the 
180-day period beginning on the date of the enactment 
of this Act, the Secretary of the Treasury shall revise sec-
tion 1010.100(ff) of title 31, Code of Federal Regulations, 
to update each $1,000 threshold amount in such regula-
tions to $3,000. 
Æ 
VerDate Sep 11 2014 
00:51 Mar 18, 2025
Jkt 059200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6301
E:\BILLS\H1799.IH
H1799
ssavage on LAPJG3WLY3PROD with BILLS