HR 1799
· 119th Congress
· Finance and Financial Sector
Financial Reporting Threshold Modernization Act
Sponsor
Latest action
Placed on the Union Calendar, Calendar No. 478.
Action timeline
Every recorded action on this bill, newest first. Stage badges color-code the legislative path.
Mar 19, 2026
committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-556.
Financial Services Committee
Mar 19, 2026
other
Placed on the Union Calendar, Calendar No. 478.
Jan 22, 2026
committee
Committee Consideration and Mark-up Session Held
Financial Services Committee
Jan 22, 2026
committee
Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 24.
Financial Services Committee
Mar 03, 2025
introduced
Introduced in House
Mar 03, 2025
introduced
Referred to the House Committee on Financial Services.
Financial Services Committee
Text versions
Each stage of the bill — official text published by GPO. Click any format to read on congress.gov / govinfo.
CRS summaries
Plain-English summaries written by the Congressional Research Service — neutral, nonpartisan staff who summarize bills as they advance through stages. The authoritative description of what each version of the bill does.
07
Reported to House
Mar 19, 2026
Financial Reporting Threshold Modernization Act
This bill increases the threshold amounts for certain reporting by financial institutions, adjusts these amounts periodically for inflation, and requires a review of specified financial forms and reporting requirements.
The bill increases the threshold dollar amounts above which financial institutions are required to file currency-transaction and suspicious-activity reports with the Financial Crimes Enforcement Network (FinCEN). The bill also increases the transaction threshold above which an entity must register with FinCEN as a money services business. Further, these amounts must be updated every five years to reflect the change in the consumer price index.
Treasury must review and report on the effectiveness and efficiency of the forms and requirements regarding domestic coin and currency transactions, foreign currency transactions, and anti-money laundering and combating the financing of terrorism measures, among other matters. Treasury must also make appropriate updates to such forms.
The bill also extends through 2031 the requirement that the director of FinCEN must be made annually available for testimony before congressional committees regarding certain FinCEN issues, including resources needed to implement beneficial ownership reporting requirements.
via Congressional Research Service · published through congress.gov
Changelog
ⓘ
How a bill moves through Congress. Each stage produces a new official text. The diff between them shows what changed at that step.
ih / is — Introduced in House / Senate. First filed version.rfh / rfs — Referred to a committee for review.rh / rs — Reported back by the committee to the floor (often with amendments — this is where most language changes happen).pcs / pch — Placed on Calendar for floor consideration.eh / es — Engrossed. Passed by the originating chamber. Text is now what was actually voted on.rdh / rds — Received by the other chamber.eah / eas — Engrossed Amendment. The other chamber passed an amended version.ath / ats — Agreed to. Both chambers settled on the same text.enr — Enrolled. Final reconciled text, sent to the President.pl — Public Law. Signed by the President. It's now law.pp — Public Print. Official printing post-enactment.
Most bills die before eh/es. Going from pcs → enr is the full path through both chambers.
ⓘ
How a bill moves through Congress. Each stage produces a new official text. The diff between them shows what changed at that step.
ih/is— Introduced in House / Senate. First filed version.rfh/rfs— Referred to a committee for review.rh/rs— Reported back by the committee to the floor (often with amendments — this is where most language changes happen).pcs/pch— Placed on Calendar for floor consideration.eh/es— Engrossed. Passed by the originating chamber. Text is now what was actually voted on.rdh/rds— Received by the other chamber.eah/eas— Engrossed Amendment. The other chamber passed an amended version.ath/ats— Agreed to. Both chambers settled on the same text.enr— Enrolled. Final reconciled text, sent to the President.pl— Public Law. Signed by the President. It's now law.pp— Public Print. Official printing post-enactment.
Most bills die before eh/es. Going from pcs → enr is the full path through both chambers.
Line-level diff between text versions of this bill — what actually changed at each legislative stage.
+109
−20
28 unchanged
--- Introduced (House)
+++ Reported (House)
@@ -1,11 +1,14 @@
[From the U.S. Government Publishing Office]
-[H.R. 1799 Introduced in House (IH)]
+[H.R. 1799 Reported in House (RH)]
<DOC>
+Union Calendar No. 478
119th CONGRESS
-1st Session
+2d Session
H. R. 1799
+
+[Report No. 119-556]
To update thresholds for certain currency transaction reports and
suspicious activity reports, and for other purposes.
@@ -19,6 +22,23 @@
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
+
+March 19, 2026
+
+Additional sponsors: Mr. Rose, Mr. Bilirakis, Mr. Collins, Mr. Carter
+of Georgia, Mr. Fulcher, Mr. Massie, Mr. Begich, Mr. Soto, Mr.
+Fleischmann, Mr. Nunn of Iowa, Mrs. Biggs of South Carolina, Mr. Rogers
+of Alabama, Mr. Ezell, Mr. Hudson, Mrs. Harshbarger, Ms. Maloy, and Mr.
+Harrigan
+
+March 19, 2026
+
+Reported with an amendment, committed to the Committee of the Whole
+House on the State of the Union, and ordered to be printed
+[Strike out all after the enacting clause and insert the part printed
+in italic]
+[For text of introduced bill, see copy of bill as introduced on March
+3, 2025]
_______________________________________________________________________
@@ -43,13 +63,15 @@
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 respect to section 5313
-of title 31, United States Code, to update each $10,000
-threshold amount in such regulations to $30,000; and
+revise regulations issued with respect to sections 5313
+and 5315 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 Consumers published by the Bureau
-of Labor Statistics of the Department of Labor.
+of Labor Statistics of the Department of Labor, which
+shall be rounded to the nearest $500.
(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--
@@ -60,18 +82,85 @@
``(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 Price Index for All Urban Consumers
-published by the Bureau of Labor Statistics of the Department of
-Labor.''.
-(b) Thresholds for Suspicious Activity Reports.--Not later than the
-end of the 180-day period beginning 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 regulations to $10,000 and each $2,000
-threshold amount in such regulation to $3,000.
+published by the Bureau of Labor Statistics of the Department of Labor,
+which shall be rounded to the nearest $500.''.
+(b) Thresholds for Suspicious Activity Reports.--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--
+(1) not later than the end of the 180-day period beginning
+on the date of the enactment of this Act, update each $5,000
+threshold amount in such regulations to $10,000 and each $2,000
+threshold amount in such regulation to $3,000; and
+(2) every 5 years, update each such threshold amount to
+reflect the change in the Consumer Price Index for All Urban
+Consumers published by the Bureau of Labor Statistics of the
+Department of Labor, which shall be rounded to the nearest
+$500.
(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
-section 1010.100(ff) of title 31, Code of Federal Regulations, to
-update each $1,000 threshold amount in such regulations to $3,000.
-<all>
+The Secretary of the Treasury shall--
+(1) not later than the end of the 180-day period beginning
+on the date of the enactment of this Act, revise section
+1010.100(ff) of title 31, Code of Federal Regulations, to
+update each $1,000 threshold amount in such regulations to
+$3,000; and
+(2) every 5 years, update each such threshold amount to
+reflect the change in the Consumer Price Index for All Urban
+Consumers published by the Bureau of Labor Statistics of the
+Department of Labor, which shall be rounded to the nearest
+$500.
+(d) Review and Report.--Not later than 360 days after the date of
+enactment of this Act, the Secretary of the Treasury shall, in
+consultation with private sector stakeholders and law enforcement--
+(1) review the forms and reporting and recordkeeping
+requirements issued pursuant to sections 5313, 5315, and 5318
+of title 31, United States Code, which shall include an
+analysis on the aggregation, prioritization, and automation of
+those forms and requirements, to ensure that such forms and
+reporting requirements are effective and efficient in
+identifying illicit finance activity;
+(2) update the forms and requirements described in
+paragraph (1) as the Secretary of the Treasury determines
+necessary and consistent with section 5318(g)(5) of title 31,
+United States Code;
+(3) conduct the reviews and submit the reports required
+under sections 6204, 6205, and 6216 of the Anti-Money
+Laundering Act of 2020 (division F of the William M. (Mac)
+Thornberry National Defense Authorization Act for Fiscal Year
+2021; 134 Stat. 4569; 31 U.S.C. 5313 note, 31 U.S.C. 5311
+note); and
+(4) submit to the Committee on Banking, Housing, and Urban
+Affairs of the Senate and the Committee on Financial Services
+of the House of Representatives a report that--
+(A) summarizes the results of the review conducted
+under paragraph (1); and
+(B) includes recommendations for updating the forms
+and requirements described in paragraph (1).
+
+SEC. 3. TESTIMONY BY THE DIRECTOR OF FINCEN.
+
+Section 5336(c)(11)(A) of title 31, United States Code, is amended
+by striking ``5 years'' and inserting ``10 years''.
+Union Calendar No. 478
+
+119th CONGRESS
+
+2d Session
+
+H. R. 1799
+
+[Report No. 119-556]
+
+_______________________________________________________________________
+
+A BILL
+
+To update thresholds for certain currency transaction reports and
+suspicious activity reports, and for other purposes.
+
+_______________________________________________________________________
+
+March 19, 2026
+
+Reported with an amendment, committed to the Committee of the Whole
+House on the State of the Union, and ordered to be printed
Lobbying activity
Organizations whose LDA filings reference this bill, ranked by filing count. Position not disclosed — LDA does not require lobbyists to report support / oppose / monitor. Bill-number references can be stale (lobbyists sometimes copy text year-over-year), so verify against the filing description.
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filings · 2026 Q3
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filings · 2026 Q3
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filings · 2026 Q4
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filings · 2026 Q4
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filings · 2026 Q4
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filings · 2026 Q1
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Cosponsors (20)
Members who signed on to support this bill.