STREAMLINE Act

This bill requires the Treasury Department to update certain financial reporting thresholds and conduct reviews of reporting forms and requirements. It raises the threshold for currency transaction reports from $10,000 to $30,000 and adjusts suspicious activity report thresholds, with provisions for future inflation adjustments.

Sec. 2, Treasury reports: Within 180 days, the Treasury Secretary must issue regulations raising the threshold for currency transaction reports under sections 5313 and 5315 of title 31 from $10,000 to $30,000. Every 5 years thereafter, the threshold must be adjusted for inflation based on the Consumer Price Index, rounded to the nearest $1,000, effective the next January 1. The bill also amends section 5331 to raise its $10,000 threshold to $30,000 and add similar 5-year inflation adjustments. Within 180 days, each federal agency issuing regulations on suspicious activity reports under section 5318(g) must raise the $2,000 threshold to $3,000 and the $5,000 threshold to $10,000. Within 360 days, the Treasury Secretary must review forms and reporting requirements under sections 5313, 5315, and 5318, including analysis on aggregation, prioritization, and automation, to ensure effectiveness against illicit finance; update forms as needed; conduct reviews and submit reports required by the Anti-Money Laundering Act of 2020; and submit a report to congressional committees summarizing the review and recommending updates. The bill does not alter the Treasury Secretary's ability to issue geographic targeting orders or reduce reporting thresholds when consistent with law.