The STREAMLINE Act updates reporting thresholds for financial transactions subject to anti-money laundering regulations. Specifically, it requires the Treasury Department to raise the threshold for currency transaction reports from $10,000 to $30,000 within 180 days of enactment, and to increase suspicious activity report thresholds from $2,000 to $3,000 and from $5,000 to $10,000 in the same timeframe. The bill also establishes automatic inflation adjustments every five years thereafter, with changes rounded to the nearest $1,000, to ensure thresholds keep pace with inflation. Additionally, within one year of enactment, the Treasury must review whether current reporting forms and requirements effectively identify illicit financial activity and submit recommendations to Congress for potential improvements. The bill explicitly preserves the Treasury's authority to issue geographic targeting orders and reduce thresholds when legally warranted.
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