,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #chh  ,,in ,,the ,,house ,,of   
,,representatives  ,january #i1         
#bjai,mr4 ,loudermilk 7for himself1 ,mr4
 ,tipton1 and ,mr4 ,emmer7 introduced   
the following bill2 which was referred  
to the ,committee on ,financial         
,services  ,a ,,bill  ,to update        
thresholds for certain currency         
transaction reports and suspicious      
activity reports1 and for other         
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,financial          
,reporting ,threshold ,modernization    
,act4  #b4 ,updating thresholds for     
certain currency transaction reports and
 suspicious activity reports  7a7       
,thresholds for certain currency        
transaction reports  7#a7 ,in general   
,not later than the end of the #ahj-;day
 period beginning on the date of the    
enactment of this ,act1 the ,secretary  
of the ,treasury shall revise           
regulations issued with respect to      
section #ecac of title #ca1 ,united     

,states ,code1 to update each #aj1jjj   
threshold amount in such regulations to 
#cj1jjj4  7#b7 ,threshold for reports   
relating to coins and currency received 
in nonfinancial trade or business       
,section #ecca of title #ca1 ,united    
,states ,code1 is amended by striking   
#aj1jjj each place such term appears in 
heading or text and inserting #cj1jjj4  
7b7 ,thresholds for suspicious activity 
reports ,not later than the end of the  
#ahj-;day period beginning on the date  
of the enactment of this ,act1 each     
,federal department or agency that      
issues regulations with respect to      
reports on suspicious transactions      
described under section #ecah7;g7 of    
title #ca1 ,united ,states ,code1 shall 
update each #e1jjj threshold amount in  
such regulations to #aj1jjj and each    
#b1jjj threshold amount in such         
regulation to #c1jjj4  7c7 ,updating the
 money services business definition     
thresholds ,not later than the end of   
the #ahj-;day period beginning on the   

date of the enactment of this ,act1 the 
,secretary of the ,treasury shall revise
 section #ajaj4ajj7;ff7 of title #ca1   
,code of ,federal ,regulations1 to      
update each #a1jjj threshold amount in  
such regulations to #c1jjj4