“Part 3: Importance of $100M Mark
This is a general limit of funding and appropriation that does not need congressional approval.
I don’t have a hard link to the specific parts of US Code, but two specific House resolutions point to this limit - both suspiciously worked on in 2015 as a way to bring more accountability.”
If you do that to avoid the $10,000 reporting requirement with cash at a bank, it is called money laundering. Hastert got caught doing that.
More accurately, it is called "Structuring". And Hastert was guilty of it in paying hush money to a teenage boy he had molested years ago.
How did he ever get to be Speaker of the House?