Bill · S. 3017· Senate(119-S-3017)
STREAMLINE Act
- Introduced
- 10/20/2025
- Last activity
- 10/20/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- John Kennedy
- Cosponsors
- - 8 - 0
- Introduced
- In Committee
What this bill would do
This bill is known as the Streamlining Transaction Reporting and Ensuring Anti-Money Laundering Improvements for a New Era Act or the STREAMLINE Act. It requires the Secretary of the Treasury to update certain currency transaction report thresholds from $10,000 to $30,000 within 180 days after enactment. The bill also requires future inflation adjustments every 5 years for these currency transaction thresholds using the Consumer Price Index for All Urban Consumers. Additionally, the legislation updates thresholds for reports on coins and currency received in nonfinancial trade or business from $10,000 to $30,000 with future inflation updates. Federal agencies that issue regulations on suspicious activity reports must update certain thresholds from $2,000 to $3,000 and from $5,000 to $10,000. Finally, the Secretary of the Treasury must review certain forms and reporting requirements and submit a report to specific congressional committees.
Yes· 3 of 6
Does this make it easier to run a small business?+3
Raises currency transaction and suspicious activity reporting thresholds, easing compliance burdens for small businesses.
Would business owners be better off under this?+3
Lowers compliance and reporting costs by increasing thresholds for currency transactions and suspicious activity reports.
Is this likely to grow the economy?+2
Reduces administrative reporting burdens for businesses handling cash transactions, slightly improving operational efficiency.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Section 2(a)(1)(A) requires the Secretary of the Treasury to update currency transaction report thresholds from $10,000 to $30,000. This is positive because it raises the amount before certain reporting requirements are triggered, which may reduce paperwork burdens for individuals and businesses.
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Section 2(a)(1)(B) and Section 2(a)(2)(E) require future inflation adjustments every 5 years based on the Consumer Price Index. This is a positive measure because it keeps reporting thresholds aligned with inflation over time.
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Section 2(b) requires federal agencies to update suspicious activity report thresholds from $2,000 to $3,000 and from $5,000 to $10,000. This is beneficial as it raises the triggers for reporting suspicious activities, reducing unnecessary reporting burdens.
Potential Negative Impacts for People
- Section 2(d)(3) clarifies that nothing in the section shall be construed to alter the ability of the Secretary of the Treasury to reduce reporting thresholds when consistent with applicable law. This could be seen as a negative point because reporting thresholds could potentially be lowered again in the future by the Treasury Secretary.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Small Business Support+3Improves Economic Growth+2
- Demographic And Interest Groups
- Good For Business Owners+3Good For Middle Class Households+1
- Governance And Ideology
- Improves Government Transparency+1Improves Privacy Rights+1
- 10/20/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 8 Cosponsors added.
- Introduced in Senate
Katie BrittRepublican · Alabama
Mike CrapoRepublican · Idaho
Bill HagertyRepublican · Tennessee
Cynthia LummisRepublican · Wyoming
Bernie MorenoRepublican · Ohio
Mike RoundsRepublican · South Dakota
Pete RickettsRepublican · Nebraska
Tim ScottRepublican · South Carolina