ICBA sent a letter to the sponsors of the Financial Reporting Threshold Modernization Act (H.R. 1799), which would raise the currency transaction reporting and Suspicious Activity Reporting thresholds to $30,000 and $10,000, respectively, and index the CTR threshold for inflation every five years. ICBA noted that CTR and SAR filings are a primary source of community bank compliance burden and expense, diverting resources that could be better directed toward community lending. ICBA said it strongly supports H.R. 1799.