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Financial Access Protection Act
To prohibit covered financial institutions from collecting, maintaining, and disclosing information relating to the citizenship status and immigration status of consumers, and for other purposes.
Summary
This bill prohibits covered financial institutions, including banks, credit unions, and consumer reporting agencies, from collecting, maintaining, or disclosing information about customers' citizenship or immigration status. Financial institutions would be barred from requiring customers to disclose citizenship or immigration status as a condition of opening or maintaining accounts or accessing financial services. The bill also prohibits federal banking agencies from requiring, encouraging, or conditioning regulatory decisions on the collection or reporting of citizenship or immigration status information. The bill preserves financial institutions' existing obligations under the Bank Secrecy Act and does not prevent compliance with financial crime prevention and sanctions laws.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Actions (2)
- Apr 30, 2026 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
- Apr 30, 2026 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
April 30, 2026
Ms. Alsobrooks introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
A BILL
To prohibit covered financial institutions from collecting, maintaining, and disclosing information relating to the citizenship status and immigration status of consumers, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Financial Access Protection Act”.
SEC. 2. DEFINITIONS.
In this Act:
(1) Appropriate federal banking agency; insured depository institution.—The terms “appropriate Federal banking agency” and “insured depository institution” have the meanings given the terms in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813).
(2) Bank secrecy act.—The term “Bank Secrecy Act” has the meaning given the term in section 6003 of the Anti-Money Laundering Act of 2020 (31 U.S.C. 5311 note).
(3) Consumer reporting agency.—The term “consumer reporting agency” has the meaning given the term in section 603 of the Fair Credit Reporting Act (15 U.S.C. 1681a).
(4) Covered financial institution.—The term “covered financial institution” means—
(A) an insured depository institution;
(B) an insured credit union or any credit union regulated by the National Credit Union Administration;
(C) a consumer reporting agency;
(D) a national bank or Federal savings association supervised by the Office of the Comptroller of the Currency;
(E) a State member bank supervised by the Board of Governors of the Federal Reserve System;
(F) a State nonmember bank supervised by the Federal Deposit Insurance Corporation;
(G) a bank holding company or savings and loan holding company supervised by the Board of Governors of the Federal Reserve System; and
(H) a subsidiary or affiliate thereof that is subject to examination or supervision by a Federal banking agency.
(5) Insured credit union.—The term “insured credit union” has the meaning given the term in section 101 of the Federal Credit Union Act (12 U.S.C. 1752).
SEC. 3. PROHIBITION ON COLLECTION OF CITIZENSHIP OR IMMIGRATION STATUS INFORMATION.
(a) In General.—Notwithstanding any other provision of law, a covered financial institution may not—
(1) require a consumer or prospective consumer to disclose their citizenship status or immigration status as a condition of opening, maintaining, or accessing an account or financial service offered by such covered financial institution;
(2) request, collect, record, retain, maintain, or otherwise obtain information relating to the citizenship status or immigration status of a consumer; or
(3) transmit, report, disclose, or otherwise make available information relating to the citizenship status or immigration status of a consumer available to any Federal agency or other governmental entity.
(b) Prohibition on Regulatory Action.—No appropriate Federal banking agency may, by regulation, rule, order, guidance, supervisory expectation, examination procedure, informal request, or otherwise—
(1) require or encourage a covered financial institution to collect or maintain information regarding the citizenship status or immigration status of a consumer; or
(2) condition supervisory ratings, enforcement decisions, approvals, or other regulatory determinations on the collection or reporting of information about the citizenship status or immigration status of a consumer.
(c) Enforcement.—Each appropriate Federal banking agency shall enforce this section with respect to covered financial institutions.
(d) Rule of Construction.—Nothing in this section may be construed to—
(1) alter or limit the any obligations a covered financial institution has under the Bank Secrecy Act; or
(2) prevent covered financial institutions from complying with Federal, State, or local reporting requirements relating to the prevention of financial crimes including money laundering, terrorist financing, compliance with sanctions. <all>
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