119 HR 8643 IH: Financial Access Protection Act U.S. House of Representatives 2026-04-30 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS2d SessionH. R. 8643IN THE HOUSE OF REPRESENTATIVESApril 30, 2026Mr. Torres of New York introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo prohibit covered financial institutions from collecting, maintaining, and disclosing information relating to the citizenship status and immigration status of consumers, and for other purposes.

1.

Short title

This Act may be cited as the Financial Access Protection Act.

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.