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Rep. Loudermilk’s bill, the Financial Reporting Threshold Modernization Act, raises the currency transaction report (CTR) threshold from $10,000 to $30,000, which, in some instances, will reduce regulatory paperwork on small community banks and credit unions by almost 80 percent. Here’s what some business associations are saying about the bill: National Association of Federally-Insured Credit Unions: […]

Rep. Barry Loudermilk (R-GA) issued the following statement after federal authorities arrested a man in connection to a string of suspicious packages sent to nationally prominent individuals: “I want to express my heartfelt appreciation to national, state and local law enforcement for their quick and efficient work in identifying and apprehending a suspect in the […]

Rep. Barry Loudermilk (R-GA) issued the following statement after he co-sponsored the Build the Wall, Enforce the Law Act of 2018: “Republicans in the House remain focused on our national security, and securing our borders is the most important step in keeping America safe. We must continue to work to fix our borders and our […]

| Rep. Loudermilk (R-GA) issued the following statement after receiving the Taxpayers’ Friend Award from the National Taxpayers Union (NTU): “Hardworking Americans deserve the freedom to determine what they do with their money, not elected bureaucrats. And, this Congress, Republicans have been focused on reducing the tax burden by passing the Tax Cuts and Jobs […]

Rep. Loudermilk (R-GA) issued the following statement after he was awarded NFIB’s (National Federation of Independent Business) Guardian of Small Business Award: “The American economy is fueled by our small businesses, which is why House Republicans have been committed to passing reforms that benefit Main Street, not Wall Street. I was a small business owner […]

Rep. Barry Loudermilk (R-GA) issued the following statement after the House passed Tax Reform 2.0: “Republicans unleashed the economy last year when we slashed taxes for hardworking Americans. Main street businesses are booming, their optimism has never been higher, and unemployment is at historic lows. The House has doubled down on this success by passing […]

Rep. Loudermilk (R-GA) issued the following statement after he introduced the Financial Reporting Threshold Modernization Act, H.R. 6850: “The Bank Secrecy Act of 1970 has not been updated in almost five decades and has resulted in massive paperwork burdens on community banks, credit unions, payment processors, and other companies. The law requires these companies to […]

Rep. Loudermilk (R-GA) issued the following statement after the House passed a package of three appropriations bills for FY 2019: “The package of three appropriations bills passed this week marks the first time Congress has completed more than one spending bill on time in over a decade. This package, which President Trump is expected to […]