,i  #aahth ,,congress  #b;d ,session    
,h4 ,r4 #hfhf  ,,in ,,the ,,house ,,of  
,,representatives  ,june #aa1 #bjbd,mr4 
,loudermilk 7for himself1 ,mr4 ,meuser1 
and ,mr4 ,donalds7 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 ,currency     
transaction reports ,the ,secretary of  
the ,treasury shall-- 7,a7 not later    
than the end of the #ahj-;day period    
beginning on the date of the enactment  
of this ,act1 revise regulations issued 
with respect to section #ecac of title  
#ca1 ,united ,states ,code1 to update   

each #aj1jjj threshold amount in such   
regulations to #fj1jjj2 and  7,b7       
annually 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
 ,labor4  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-- 7,a7 by     
striking #aj1jjj each place such term   
appears in heading or text and inserting
 #fj1jjj2 and  7,b7 by adding at the end
 the following3  7e7 ,updates for       
inflation ,the ,secretary of the        
,treasury shall annually 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       
,labor4  4  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