H.R. 1799Heading to a voteJobs & the economy
Bill would triple cash reporting thresholds for banks and businesses
Data as of July 11, 2026
HR 1799 would raise the $10,000 currency transaction report threshold to $30,000, with future inflation adjustments.40-second read · 4 questions answered below
Decoded
What does this do?
This bill raises several dollar thresholds under anti-money-laundering law, including the currency transaction report limit from $10,000 to $30,000, with adjustments every five years for inflation. It also raises the cash-payment reporting threshold for non-financial businesses from $10,000 to $30,000, raises suspicious activity report triggers from $5,000 to $10,000 and from $2,000 to $3,000, and raises the money services business definition threshold from $1,000 to $3,000.
Who does it affect?
Banks, credit unions, money-transfer businesses, non-financial businesses that accept large cash payments (like car dealers), and regulators and law enforcement who use these reports.
Why does it matter?
Raising the thresholds means fewer transactions would automatically trigger reporting to the government, changing how regulators and law enforcement monitor financial activity for money laundering or fraud.
Where does it stand?
- Introduced
- House committee
- House vote — You are here
- Senate
- President's desk
Right now: it's headed for a House floor vote. If the Senate changes it, it goes back to the House before reaching the President.
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Official title
Financial Reporting Threshold Modernization Act
- Introduced:
- March 3, 2025
- Latest action:
- March 19, 2026
Placed on the Union Calendar, Calendar No. 478.
Read the official bill on Congress.govMake the call
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