On the recordFebruary 6, 2023
I believe the Bank Secrecy Act needs to be revised because we are dealing with reporting thresholds that were developed in the 1970s at $10,000, to where it should be around $65,000 to $70,000 today.
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congress.govBarry Loudermilk: “I believe the Bank Secrecy Act needs to be revised because we are dealing with reporting thresholds that were developed…”
Editor's note · Context
Loudermilk advocates for updating the Bank Secrecy Act's reporting thresholds to reflect current economic conditions.
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