[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8643 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 8643

      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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 30, 2026

    Mr. Torres of New York introduced the following bill; which was 
            referred to the Committee on Financial Services

_______________________________________________________________________

                                 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. 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) Covered Financial Institution Defined.--In this section:
            (1) Appropriate federal banking agency.--The term 
        ``appropriate Federal banking agency'' has the meaning given 
        the term in section 3 of the Federal Deposit Insurance Act.
            (2) Covered financial institution.--The term ``covered 
        financial institution'' means--
                    (A) an insured depository institution (as such term 
                is defined in section 3 of the Federal Deposit 
                Insurance Act);
                    (B) an insured credit union (as defined in section 
                101 of the Federal Credit Union Act) or any credit 
                union regulated by the National Credit Union 
                Administration;
                    (C) a consumer reporting agency (as such term is 
                defined in section 603 of the Fair Credit Reporting 
                Act);
                    (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.
    (e) 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 (as such term is 
        defined in section 6003 of the Anti-Money Laundering Act of 
        2020); 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, and compliance with sanctions.
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