Treasury Renews Forms Tracking Money Moving Across U.S. Borders
Published Date: 10/28/2026
Notice
Summary
The Department of the Treasury wants to keep collecting important info from banks and financial institutions about money moving in and out of the U.S. They’re asking for public feedback on renewing these mandatory forms by December 28, 2026. This helps the government track international investments without adding extra paperwork headaches.
Analyzed Economic Effects
6 provisions identified: 4 benefits, 2 costs, 0 mixed.
Specified Time Burden and Respondent Counts
The notice lists estimated respondents and time burdens per form: BC (235 respondents, 11.6 hours per filing, 32,712 total annual hours for 12 reports), BL-1 (283; 7.9 hours; 26,794 hours), BL-2 (80; 9.2 hours; 8,842 hours), BQ-1 (46; 4.3 hours; 795 hours for 4 reports), BQ-2 (148; 8.1 hours; 4,801 hours for 4 reports), and BQ-3 (118; 10.5 hours; 4,956 hours for 4 reports).
Higher Reporting Thresholds
The Treasury proposes raising exemption levels for TIC Form B reports from a $50,000,000 Grand Total and $25,000,000 per line item to a $250,000,000 Grand Total and $100,000,000 per line item. This change is in the proposed Instructions (section I.C.4) for Forms BC, BL-1, BL-2, BQ-1, and BQ-2.
Central Clearing Counterparties Must Report
The proposed Instructions clarify that reporters include Central Clearing Counterparties (CCPs) (section I.C). This makes CCPs explicitly subject to TIC Form B reporting requirements.
Expanded Acceptable Signatories
The proposed Instructions would expand allowable signatures to include an individual performing equivalent functions to a duly authorized officer (section I.F.3). This change explicitly broadens who may sign TIC Form B reports.
Narrower Definition of Foreign Official Institutions
The proposed Instructions clarify that the definition of Foreign Official Institutions excludes enterprises owned by a government that do not serve a governmental function such as national defense (sections II.B.1a, III.B.1a, IV.B.1a).
BQ-3 Column Wording Clarified
The proposed Instructions clarify how to fill columns on TIC Form BQ-3, including 'Non-Negotiable Deposits & Brokerage Balances (Column 1)' and 'Loan Claims Excluding Resale Agreements (Column 3)' (section VIII.C.1.a and VIII.C.1.c).
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