We must reform the Bank Secrecy Act to better protect consumer financial privacy.

Sens. Mike Lee (UT) and Rick Scott (FL) have a bill to start the work by removing the arbitrary 1972-level $10K Suspicious Activity Reporting threshold and indexing it more appropriately to inflation ($75K today).

An inflation-indexed SAR limit removes the KYC compliance nightmare too many have to face.

Very happy to support this bill to finally rein in the Bank Secrecy Act!