[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 3017 Introduced in Senate (IS)]
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119th CONGRESS
1st Session
S. 3017
To require updates to the threshold amounts applicable to certain
currency transaction reports, and for other purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
October 20, 2025
Mr. Kennedy (for himself, Mr. Scott of South Carolina, Mr. Rounds, Mrs.
Britt, Ms. Lummis, Mr. Hagerty, Mr. Crapo, Mr. Moreno, and Mr.
Ricketts) introduced the following bill; which was read twice and
referred to the Committee on Banking, Housing, and Urban Affairs
_______________________________________________________________________
A BILL
To require updates to the threshold amounts applicable to certain
currency transaction reports, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Streamlining Transaction Reporting
and Ensuring Anti-Money Laundering Improvements for a New Era Act'' or
the ``STREAMLINE Act''.
SEC. 2. TREASURY REPORTS.
(a) Thresholds for Currency Transaction Reports.--
(1) Currency transaction reports.--
(A) Initial updated threshold.--Not later than 180
days after the date of enactment of this Act, the
Secretary of the Treasury shall issue regulations
pursuant to sections 5313 and 5315 of title 31, United
States Code, to update each threshold amount under such
regulations that is $10,000 to be $30,000.
(B) Inflation adjustment.--
(i) In general.--Not later that 5 years
after the date on which the Secretary of the
Treasury updates regulations under subparagraph
(A), and every 5 years thereafter, the
Secretary of the Treasury shall issue
regulations pursuant to sections 5313 and 5315
of title 31, United States Code, to update each
threshold amount under such regulations
required to be updated under subparagraph (A)
to reflect the change during the applicable 5-
year period 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 multiple
of $1,000.
(ii) Effective date.--Each adjustment under
clause (i) shall take effect on the first
January 1 occurring after the date on which the
Secretary of the Treasury publishes the
adjustment.
(2) Reports relating to coins and currency received in
nonfinancial trade or business.--Section 5331 of title 31,
United States Code, is amended--
(A) by striking ``$10,000'' each place it appears
in a heading or the text and inserting ``$30,000''; and
(B) by adding at the end the following:
``(e) Updates for Inflation.--
``(1) In general.--Not later than 5 years after the date of
enactment of this subsection, and every 5 years thereafter, the
Secretary of the Treasury shall update each dollar figure under
this section to reflect the change during the applicable 5-year
period 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 multiple of
$1,000.
``(2) Effective date.--Each adjustment under paragraph (1)
shall take effect on the first January 1 occurring after the
date on which the Secretary of the Treasury publishes the
adjustment.''.
(b) Thresholds for Suspicious Activity Reports.--Not later than 180
days after the date of enactment of this Act, the head of each Federal
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 threshold amount under such regulations that is
$2,000 to be $3,000 and each threshold amount under such regulations
that is $5,000 to be $10,000.
(c) Review and Report.--Not later than 360 days after the date of
enactment of this Act, the Secretary of the Treasury shall--
(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).
(d) Rule of Construction.--Nothing in this section shall be
construed to--
(1) alter the ability of the Secretary of the Treasury to
issue geographic targeting orders pursuant to section 5326 of
title 31, United States Code;
(2) alter any legal grounds for any geographic targeting
order issued on or before the date of enactment of this Act; or
(3) alter the ability of the Secretary of the Treasury to
reduce reporting thresholds when consistent with all applicable
law.
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