Sec. 6205. CURRENCY TRANSACTION REPORTS AND SUSPICIOUS ACTIVITY REPORTS THRESHOLDS REVIEW
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## SEC. 6205 CURRENCY TRANSACTION REPORTS AND SUSPICIOUS ACTIVITY REPORTS THRESHOLDS REVIEW **[**[31 U.S.C. 5313 note](/us/usc/t31/s5313)**]** ###
(a)Review of Thresholds for Certain Currency Transaction Reports and Suspicious Activity Reports The Secretary, in consultation with the Attorney General, the Director of National Intelligence, the Secretary of Homeland Security, the Federal functional regulators, State bank supervisors, State credit union supervisors, and other relevant stakeholders, shall review and determine whether the dollar thresholds, including aggregate thresholds, under sections 5313, 5318(g), and 5331 of title 31, United States Code, including regulations issued under those sections, should be adjusted. ###
(b)Considerations In making the determinations required under subsection (a), the Secretary, in consultation with the Attorney General, the Director of National Intelligence, the Secretary of Homeland Security, the Federal functional regulators, State bank supervisors, State credit union supervisors, and other relevant stakeholders, shall— ####
(1)rely substantially on information obtained through the BSA Data Value Analysis Project conducted by FinCEN and on information obtained through the Currency Transaction Report analyses conducted by the Comptroller General of the United States; and ####
(2)consider— #####
(A)the effects that adjusting the thresholds would have on law enforcement, intelligence, national security, and homeland security agencies; #####
(B)the costs likely to be incurred or saved by financial institutions from any adjustment to the thresholds; #####
(C)whether adjusting the thresholds would better conform the United States with international norms and standards to counter money laundering and the financing of terrorism; #####
(D)whether currency transaction report thresholds should be tied to inflation or otherwise be adjusted based on other factors consistent with the purposes of the Bank Secrecy Act; #####
(E)any other matter that the Secretary determines is appropriate. ###
(c)Report and Rulemakings Not later than 1 year after the date of enactment of this Act, the Secretary, in consultation with the Attorney General, the Director of National Intelligence, the Secretary of Homeland Security, the Federal functional regulators, State bank supervisors, State credit union supervisors, and other relevant stakeholders, shall— ####
(1)publish a report of the findings from the review required under subsection (a); and ####
(2)propose rulemakings, as appropriate, to implement the findings and determinations described in paragraph (1). ###
(d)Updates Not less frequently than once every 5 years during the 10-year period beginning on the date of enactment of this Act, the Secretary shall— ####
(1)evaluate findings and rulemakings described in subsection (c); and ####
(2)transmit a written summary of the evaluation to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate; and ####
(3)propose rulemakings, as appropriate, in response to the evaluation required under paragraph (1).
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Sec. 6205
CURRENCY TRANSACTION REPORTS AND SUSPICIOUS ACTIVITY REPORTS THRESHOLDS REVIEW
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