Congressional Democrats have proposed requiring banks to report to the IRS the total inflows and outflows of all bank accounts with transactions of at least $10,000 (after initially proposing a $600 threshold).
But West Virginia senator Joe Manchin says he opposes the proposal at any amount:
BANK REPORTING : @Sen_JoeManchin clarifies to me he opposed bank reporting no matter what the threshold. “No one should be in anyones bank account “
— Erik Wasson (@elwasson) October 26, 2021