Skip to main content
HR 2040 117th Congress House Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Business records Currency Department of the Treasury Fraud offenses and financial crimes

Financial Reporting Threshold Modernization Act

Introduced: March 18, 2021 Introduced by: Loudermilk, Barry Republican · Georgia See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 18, 2021
Introduced in House
Mar 18, 2021
Referred to the House Committee on Financial Services.
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Financial Reporting Threshold Modernization Act

This bill increases the threshold dollar amounts above which financial institutions are required to file currency-transaction and suspicious-activity reports with the Financial Crimes Enforcement Network.

What's happening now March 18, 2021

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Republican 4
R
Fitzgerald, Scott
Wisconsin · Jun 22, 2021
 R
Norman, Ralph
South Carolina · Jun 15, 2021
 R
Barr, Andy
Kentucky · Mar 18, 2021
 R
Emmer, Tom
Minnesota · Mar 18, 2021
Gonzalez, Anthony
· Mar 18, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2040: Financial Reporting Threshold Modernization Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-2040/
MLA
"H.R. 2040: Financial Reporting Threshold Modernization Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-2040/.
Bluebook (legal)
H.R. 2040, 117th Cong. (2026), https://openamerica.io/bill/117-HR-2040/.
Markdown link
[H.R. 2040: Financial Reporting Threshold Modernization Act](https://openamerica.io/bill/117-HR-2040/)
Report a problem