arrow_back Back to App

Adjusting Cash Transaction Reporting Limit for Inflation

This bill changes the rules for when banks and businesses must report cash transactions to the government. Currently, they report transactions over $10,000. This bill will increase that $10,000 amount each year based on how much prices have risen since 1974, meaning fewer transactions will need to be reported.
Key points
The amount of cash that triggers government reporting will increase annually based on inflation.
This means fewer everyday transactions will be reported compared to the current fixed $10,000 limit.
The change applies to various financial transactions and cash received by businesses.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_4869
Sponsor: Sen. Lee, Mike [R-UT]
Process start date: 2022-09-15
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Saving Privacy Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4869.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-09-15.

What are the main provisions?

Key points include:

  • The amount of cash that triggers government reporting will increase annually based on inflation.
  • This means fewer everyday transactions will be reported compared to the current fixed $10,000 limit.
  • The change applies to various financial transactions and cash received by businesses.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Lee, Mike [R-UT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Courts and Law Economy Taxes