STREAMLINE Act

LEGISLATIVE PROGRESS

STEP 2 OF 8

Introduced

In Committee

Reported

Passed Senate

Passed House

Conference

To President

Became Law

Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law

WHAT THE BILL DOES

AI-written

This bill matters because it significantly alters how the U.S. government monitors large cash movements, aiming to reduce administrative burden while focusing on more impactful financial crime. If it becomes law, it would reduce the number of routine reports filed for cash transactions below $30,000, which some argue are often not critical for detecting serious crimes. This could mean less paperwork for financial institutions and potentially more financial privacy for individuals and businesses dealing in cash.

Conversely, some might be concerned that raising these thresholds could inadvertently make it easier for criminals to conduct smaller-scale money laundering or other illegal activities below the new, higher limits, potentially hindering the detection of certain illicit financial flows. The bill also seeks to modernize and improve the overall system by requiring a review of current reporting methods and adjusting for inflation, aiming to ensure that anti-money laundering efforts are efficient and targeted at the most significant threats.

KEY PROVISIONS

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high

Raises the threshold for Currency Transaction Reports (CTRs) from $10,000 to $30,000 for financial institutions and nonfinancial businesses.

This significantly reduces the number of routine cash transactions that financial institutions must report to the government, potentially cutting compliance costs.

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Requires the Treasury Department to adjust the $30,000 CTR threshold for inflation every five years based on the Consumer Price Index.

This ensures the reporting threshold remains relevant over time and doesn't become outdated due to changes in currency value.

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Increases the minimum amounts for reporting suspicious financial activities (SARs) from $2,000 to $3,000 and from $5,000 to $10,000.

This aims to focus suspicious activity reporting on higher-value transactions, potentially reducing less significant reports and improving efficiency.

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Directs the Treasury Secretary to review existing reporting forms and requirements to ensure they are effective and efficient in identifying illegal financial activities, and to submit a report to Congress.

This provision seeks to modernize and improve the overall system for tracking and combating illicit finance by analyzing current practices.

DEADLINES & DATES

AI-extracted

An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

Not later than 180 days after the date of enactment.

Treasury Secretary to issue regulations for the initial updated Currency Transaction Report (CTR) threshold ($30,000).

Not later than 180 days after the date of enactment.

Federal agencies to update regulations for suspicious transaction report thresholds ($3,000 and $10,000).

Not later than 360 days after the date of enactment.

Treasury Secretary to conduct a review and submit a report to Congress on reporting requirements.

Not later than 5 years after the initial update, and every 5 years thereafter.

Treasury Secretary to issue regulations for inflation adjustment of the CTR threshold.

Not later than 5 years after the date of enactment of this subsection, and every 5 years thereafter.

Treasury Secretary to update dollar figures for nonfinancial trade or business reports for inflation.

GLOSSARY

AI-written

Currency Transaction Report (CTR): A form that financial institutions must file with the government for cash transactions (deposits, withdrawals, exchanges) over a specific dollar amount.
Suspicious Activity Report (SAR): A report that financial institutions must file when they suspect a transaction or series of transactions is related to illegal activities like money laundering or fraud, regardless of the amount.
Threshold Amount: A specific dollar value that, if exceeded in a financial transaction, legally requires a report to be filed with the government.
Illicit Finance Activity: Financial actions related to illegal activities, such as money laundering, terrorist financing, or fraud.
Consumer Price Index (CPI): A measure that tracks changes in the prices of a typical basket of goods and services over time, used to calculate inflation.
Geographic Targeting Order (GTO): A special order issued by the Treasury Department that requires financial institutions in specific areas to report certain transactions that might otherwise fall below standard reporting thresholds, usually to address a particular crime trend.

ACTION TIMELINE

2 EVENTS

OCT 20, 25

Introduced in Senate

INTROREFERRAL

OCT 20, 25

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

INTROREFERRAL

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Committee Referrals

Banking, Housing, and Urban Affairs CommitteeReferred

Oct 20, 2025

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LEGISLATIVE PROGRESS

WHAT THE BILL DOES

KEY PROVISIONS

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ACTION TIMELINE

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Discussion

STREAMLINE Act

LEGISLATIVE PROGRESS

WHAT THE BILL DOES

KEY PROVISIONS

DEADLINES & DATES

GLOSSARY

ACTION TIMELINE

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STREAMLINE Act

LEGISLATIVE PROGRESS

WHAT THE BILL DOES

KEY PROVISIONS

SPONSORSHIP

ACTION TIMELINE

BILL INFO

READER REACTIONS

Discussion

STREAMLINE Act

LEGISLATIVE PROGRESS

WHAT THE BILL DOES

KEY PROVISIONS

DEADLINES & DATES

GLOSSARY

ACTION TIMELINE

SPONSORS

READER REACTIONS

What do you think?

Discussion

MORE INFORMATION

Committee Referrals