Promoting a stable, fair financial system that supports economic growth and protects consumers.
Promote a stable, fair financial system that supports economic growth and protects consumers.
Occurrences
My bill simply raises the currency transaction reporting threshold from 10K to 30K, and indexes it to inflation. It would also update certain thresholds for suspicious activity reports, where such thresholds exist, and index them to inflation.
Evidence
legacy_unverified · Source version not recorded · locator unknown
Barry says the strength of America’s economy is with Main Street, not Wall Street, and that he has worked to cut taxes and roll back burdensome regulations so Americans can be more optimistic about their financial situation.
legacy_unverified · Source version not recorded · locator unknown
Loudermilk said he reintroduced the Financial Reporting Threshold Modernization Act to raise the currency transaction report threshold, protect privacy, reduce compliance costs, and realign the threshold with congressional intent.
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Congress.gov shows Loudermilk introduced H.R. 2331 and referred it to the House Committee on Financial Services; the bill would require the CFPB to justify proposed rules and assess costs, benefits, alternatives, and small-business impacts.
legacy_unverified · Source version not recorded · locator unknown
Loudermilk reintroduced H.R. 8686 to increase the CTR threshold from $10,000 to $60,000, saying it would reduce major regulatory burdens on small community banks and credit unions and increase banking customer privacy.
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Congress.gov shows Loudermilk joined H.R. 3445 as a cosponsor; the bill would restructure the CFPB into an independent commission and was referred to the House Committee on Financial Services.
legacy_unverified · Source version not recorded · locator unknown
The House site states Loudermilk serves on the House Financial Services Committee in the 119th Congress.
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As of the latest crawl, the office issue page says Loudermilk is working to protect access to credit, financial privacy, capital markets, and homeownership, and notes that in the 118th Congress two of his bills passed the House and were included in a larger package, but it does not show enactment of the broader promise.
legacy_unverified · Source version not recorded · locator unknown
Loudermilk said the Financial Reporting Threshold Modernization Act had passed out of the House Committee on Financial Services and described it as raising the currency transaction reporting threshold and indexing it to inflation.
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The office said the House Committee on Financial Services passed three of Loudermilk's bills, including the New BANK Act and the American FIRST Act, and he framed them as protecting a competitive banking market.
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Loudermilk's office said H.R. 6955 passed the House with two Loudermilk-sponsored provisions: the TAILOR Act and the New BANK Act. The statement framed them as financial-regulatory reforms intended to support economic growth, safety and soundness, transparency, and Main Street institutions.
legacy_unverified · Source version not recorded · locator unknown
The House Clerk recorded Roll Call 271 on H.R. 6955, the Main Street Act, on July 21, 2026. The vote question was On Passage, status Passed, 270 yeas to 155 nays, and Loudermilk voted Yea.
Assessments
Loudermilk has materially advanced financial-regulatory legislation during the same federal House term, including sponsoring provisions in H.R. 6955 that passed the House and moving several related bills through committee. These actions fit the promise’s direction of promoting pro-growth financial rules, Main Street access, consumer privacy, and regulatory transparency. However, the evidence does not show enacted law or a completed policy outcome that broadly delivers a stable, fair financial system protecting consumers, so this merits partial credit rather than full delivery.
Loudermilk took concrete same-term federal legislative steps tied to the promise, including introducing and reintroducing financial reporting and CFPB reform bills and advancing several measures through the House Financial Services Committee. Those actions are relevant to promoting financial-system stability, regulatory fairness, growth, and consumer privacy. However, the evidence does not show enactment of a completed policy outcome or a measurable fulfillment of the broad promise to create a stable, fair financial system that supports growth and protects consumers. This supports partial credit with an effort badge, not full delivery.
The evidence shows Loudermilk made concrete legislative efforts tied to the promise, including introducing or cosponsoring bills on CFPB cost-benefit analysis, CFPB restructuring, and financial reporting thresholds. However, the cited bills remained at introduction/referral or otherwise were not shown to have been enacted, and committee service or campaign statements do not demonstrate that a stable, fair financial system outcome was actually delivered. Under the rule for serious attempts that fail to deliver the promised outcome, this is never with an effort badge.