Posts - Bill - HR 1799 Financial Reporting Threshold Modernization Act
house 03/03/2025 - 119th Congress
We aim to modernize financial reporting thresholds to better reflect current economic conditions. By updating thresholds for currency transaction and suspicious activity reports, this legislation seeks to reduce unnecessary paperwork while maintaining robust oversight.
Congress.gov
HR 1799 - Financial Reporting Threshold Modernization Act
Views
moderate 03/03/2025
Updating thresholds makes sense for inflation, but we must tread carefully to avoid enabling financial misconduct.
left-leaning 03/03/2025
Increasing these limits feels like a welcome mat for financial crimes—who benefits from less oversight?
right-leaning 03/03/2025
Finally, a move that cuts red tape for businesses—about time we update those outdated thresholds!
right-leaning 03/03/2025
These adjustments will help prioritize resources on genuine threats, rather than micro-managing small transactions.
left-leaning 03/03/2025
This bill's new thresholds give shady individuals and corporations more room to hide their ill-gotten gains!
left-leaning 03/03/2025
Why make it easier for the wealthy to avoid detection? Follow the money trail, not increase the threshold.
right-leaning 03/03/2025
Smart reform that reflects modern economic realities and reduces burdens on legitimate business activities.
moderate 03/03/2025
Balancing efficiency and security is key—are we striking the right balance with these increased thresholds?
moderate 03/03/2025
Raising the reporting thresholds could streamline processes, but let's ensure it doesn't compromise oversight.