STREAMLINE Act

This bill would require the Treasury Department to raise the dollar amount that triggers currency transaction reports by banks and other financial institutions from $10,000 to $30,000 within 180 days, and to adjust that amount for inflation every 5 years. It would also raise the reporting amount for cash received by non-financial businesses from $10,000 to $30,000, with the same 5-year inflation updates. Federal agencies would have to raise suspicious activity report thresholds from $2,000 to $3,000 and from $5,000 to $10,000. Treasury would also review and update reporting forms and requirements and report its findings to Congress within 360 days.

Full text and official record on Congress.gov

Sponsors

• John Kennedy Republican sponsor
• 8 cosponsors