House bill · 119th Congress · Latest step: Committee action
Financial Reporting Threshold Modernization Act
Official title: To update thresholds for certain currency transaction reports and suspicious activity reports, and for other purposes.
Sponsor: Rep. Barry Loudermilk R-GAWhere it went
- IntroducedMar 3, 2025
- Committee actionJan 22, 2026
- Passed House—
- Passed Senate—
- To the President—
- Became law—
Latest action: Mar 19, 2026 — Placed on the Union Calendar, Calendar No. 478.
Cost and committee reports
Official records Congress.gov attaches to H.R. 1799.
- CBO cost estimateThe Congressional Budget Office published “H.R. 1799, Financial Reporting Threshold Modernization Act” on February 26, 2026. CBO’s description reads “As ordered reported by the House Committee on Financial Services on January 22, 2026”.Read the CBO estimate ↗Source: Congressional Budget Office, February 26, 2026 ↗
Evidence
- Field in the Congress.gov record
- cboCostEstimates
- CBO publication
- https://www.cbo.gov/publication/62185
- CBO publication date
- February 26, 2026
- Congress.gov bill record
- H.R. 1799, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/1799
- Record last updated by Congress.gov
- June 11, 2026
- PORKER copy retrieved
- September 13, 2026
- Stored copy, SHA-256 of the file
35c1c8d439d2d8fa482364feb4bfbc467e7cf78a51151297ac6c88e71031bb05
PORKER links to the estimate and does not repeat its dollar figures. Each estimate is for the version of the bill its description names; the bill may have changed since.
- Committee reportCongress.gov lists 1 committee report for this bill: H. Rept. 119-556 ↗. The Congress.gov committee record lists a “Reported By” entry for the Financial Services Committee on March 19, 2026.Source: Congress.gov, reported March 19, 2026 ↗
Evidence
- Field in the Congress.gov record
- committeeReports
- Report API records
- https://api.congress.gov/v3/committee-report/119/HRPT/556
- Congress.gov bill record
- H.R. 1799, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/1799
- Record last updated by Congress.gov
- June 11, 2026
- PORKER copy retrieved
- September 13, 2026
- Stored copy, SHA-256 of the file
35c1c8d439d2d8fa482364feb4bfbc467e7cf78a51151297ac6c88e71031bb05
A committee report is the committee’s own explanation of the bill. PORKER lists it and links to it; reading it is up to you.
- Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. LOUDERMILK, as printed in the Congressional Record (Vol. 171, No. 40, March 3, 2025, Page H946):Article 1, Section 8.Source: Congress.gov, Congressional Record March 3, 2025 ↗
Evidence
- Field in the Congress.gov record
- constitutionalAuthorityStatementText
- Statement length
- 21 characters
- Congress.gov bill record
- H.R. 1799, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/1799
- Record last updated by Congress.gov
- June 11, 2026
- PORKER copy retrieved
- September 13, 2026
- Stored copy, SHA-256 of the file
35c1c8d439d2d8fa482364feb4bfbc467e7cf78a51151297ac6c88e71031bb05
PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.
From the Congress.gov bill record for H.R. 1799, last updated June 11, 2026. PORKER’s copy was retrieved September 13, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.
Vote results
No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).
Cosponsors
20 cosponsors — 19 Republicans, 1 Democrat
1 of 20 cosponsors (5%) are from the other party.
Andy Barr (R-KY), Nicholas Begich (R-AK), Sheri Biggs (R-SC), Gus Bilirakis (R-FL), Earl Carter (R-GA), Mike Collins (R-GA), Troy Downing (R-MT), Mike Ezell (R-MS), Charles Fleischmann (R-TN), Russ Fulcher (R-ID), Pat Harrigan (R-NC), Diana Harshbarger (R-TN), Richard Hudson (R-NC), Celeste Maloy (R-UT), Thomas Massie (R-KY), Tim Moore (R-NC), Zachary Nunn (R-IA), Mike Rogers (R-AL), John Rose (R-TN), Darren Soto (D-FL).
More from the sponsor
Other 119th Congress bills sponsored by Rep. Barry Loudermilk.
- H.R. 5362 (119th) To name the Department of Veterans Affairs multispecialty clinic in Marietta, Georgia, as the "Colonel Michael H. Boyce Department of…
- H.Res. 605 (119th) Establishing the Select Subcommittee to Investigate the Remaining Questions Surrounding January 6, 2021.
- H.R. 1078 (119th) Respect State Housing Laws Act
- H.R. 5775 (119th) FCRA Liability Harmonization Act
- H.R. 6550 (119th) American FIRST Act of 2025
- H.R. 1483 (119th) Protecting Investors’ Personally Identifiable Information Act
Sponsor’s state and district
Data as of Sep 25, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.