Name:   GoneFishin - Subject:   Can't Get Around It HODJA Date:   10/15/2021 4:24:28 PM

The Biden Administration has proposed monitoring accounts over $600, but the only figures reported to the government would be the total inflows and outflows for the year – not the size and nature of each transaction. And the Treasury can't simply "declare" this measure, it must be approved by Congress.

It has nothing to do with each transaction. Once you make 2 $500 deposits, you have exceeded the treshold of $600  and the total amount of your deposits and withdrawls will be reported.