HR 1799 · introduced · significant
Financial Reporting Threshold Modernization Act
- economy
What this bill does
- The bill raises the dollar amounts that trigger financial institutions to report suspicious transactions to federal authorities.
- Banks, money services businesses, and other financial institutions are affected by the new reporting thresholds.
- Thresholds will increase automatically every five years based on inflation, and Treasury must review reporting forms by a set deadline.
Generated by claude-haiku-4-5
Community Threads
Started by Cosponsor
- 01
How would raising the dollar threshold for suspicious activity reports affect the federal government's ability to detect financial crimes compared to current enforcement levels?
- 02
What trade-offs exist between reducing compliance costs for smaller financial institutions and maintaining visibility into potentially illicit transactions?
- 03
Which types of financial crimes or money laundering schemes might become harder to detect if reporting thresholds increase with inflation over time?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-GA-11
Barry Loudermilk
Citizen cosponsors
0
In Congress
20/ 435
House Reps cosponsoring
Introduced 2026-03-19
Joining the bill
Tim Moore
R-NC-14 · original
Troy Downing
R-MT-2 · original
Andy Barr
R-KY-6 · original
John W. Rose
R-TN-6
Gus M. Bilirakis
R-FL-12
Russ Fulcher
R-ID-1
Earl L. "Buddy" Carter
R-GA-1
Mike Collins
R-GA-10
Thomas Massie
R-KY-4
Nicholas J. Begich III
R-AK
Darren Soto
D-FL-9
Charles J. "Chuck" Fleischmann
R-TN-3
+ 8 more
Legislative timeline
2026-03-19 · house · Calendars
Placed on the Union Calendar, Calendar No. 478.
2026-03-19 · house · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-556.
2026-03-19 · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-556.
2026-01-22 · house · Committee
Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 24.
2026-01-22 · house · Committee
Committee Consideration and Mark-up Session Held
2025-03-03 · house · IntroReferral
Referred to the House Committee on Financial Services.
2025-03-03 · IntroReferral
Introduced in House
2025-03-03 · IntroReferral
Introduced in House
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